Australia's De Grey Mining slumps on discounted placement

De Grey Mining

06/10/2022 01:57

** Shares of De Grey Mining Ltd  DEG.AX  slide as much as
7.3% to A$1.01, set for their worst day since Sept 26, if losses
hold 
    ** The gold explorer says it received firm commitments for a
fully underwritten placement of 130 mln shares to raise A$130
mln ($84.60 mln)  urn:newsml:reuters.com:*:nASXVhHhV
    ** Issue price of A$1.00 represents an 8.3% discount to the
last closing share price of A$1.09 on Oct 4
    ** Stock down 10.3% this year, as of last close
     ($1 = 1.5366 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))