Australia's Dateline Resources hits record low on discounted capital raise

Dateline Resources

08/07/2024 02:12

** Shares of Dateline Resources  DTR.AX  fall as much as
22.2% to A$0.007, hitting its lowest level ever
    ** Mining and exploration co to raise A$5.8 million at issue
price of A$0.006 per New Share
    ** Issue price is at 33.3% discount to stock's last close
    ** Stock set to post its biggest intraday pct fall since
Feb. 2, if current trends hold
    ** 6.6 mln shares change hands compared with the 30-day
average volume of 4.4 mln shares
    ** Stock is down 10% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))