Australia's Dateline Resources slips on discounted placement

Dateline Resources

01/09/2025 04:03

Sept 1 (Reuters) - ** Dateline Resources DTR.AX slips 9.4% to A$0.242; marks biggest intraday pct fall since July 9

** Gold and rare earths elements miner secures A$25 mln ($16.3 mln) placement at A$0.215/share

** Issue price represents 18.9% discount to last close

** Proceeds will be used to accelerate exploration, development at Colosseum Gold and Rare Earth Elements Project in California

** YTD, DTR gains 6,757.1%

($1 = A$1.5389)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com;))