Australia's Dateline Resources hit over 2-month low intraday on discounted placement

Dateline Resources

19/08/2022 03:34

** Shares of Dateline Resources  DTR.AX  fall as much as
12.5% to A$.105, seeing their worst day since June 14 - if
losses hold 
    ** The mineral explorer says it has received firm
commitments to raise about A$6.25 million ($4.31 million) via a
share placement  urn:newsml:reuters.com:*:nFWN2ZU5I0
    ** Co says funds raised will be used to further gold and
rare earths exploration at its Colosseum Project in California,
U.S., among others 
    ** Issue price of A$0.10 per share is at about a 17%
discount to the last trading price on Aug 17 
    ** Stock has risen ~39.5% this year, as of last close

($1 = 1.4495 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))