Australia's Dart Mining set for worst day in over 2 years on discounted placement
02/09/2022 03:09
** Shares of Dart Mining DTM.AX fall as much as 20% to
A$0.100, set for their worst day since June 11, 2020, if losses
hold
** The base metals and gold miner announces share placement
to raise A$2 mln ($1.36 mln) urn:newsml:reuters.com:*:nFWN3081YL
** Says proceeds raised will be used to extend co's ongoing
drilling programme at Granite Flat copper-gold project in
Northeast Victoria, among others
** Issue price of A$0.10 per share is at a 20% discount to
the closing price on Aug 31
** About 2 mln shares change hands, 1.9 times compared with
the 30-day average volume of 1.1 mln shares
** Stock up ~48.9% this year, as of last close
($1 = 1.4728 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))