Diablo Resources set for worst day in nearly 2 years on discounted placement

Diablo Resources

07/05/2026 05:42

** Diablo Resources DBO.AX slides as much as 26.3% to A$0.14; set to mark steepest intraday pct loss since June 2024

** Stock hits lowest since April 23

** Mineral explorer receives firm commitments to raise A$3.5 million ($2.5 million) via placement

** Issue price of A$0.013 represents 31.6% discount to last close

** Funds will be used to fund acquisition of 80% interest in Horn Silver Project, others

** About 1.2 million shares traded, 2x the 30-day avg

** DBO down 30.8%

($1 = A$1.3799)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))