Australia's Dundas Minerals sees worst day in over 2 weeks

Dundas Minerals

14/11/2022 03:07

** Shares of Dundas Minerals  DUN.AX  fall as much as 9.5%
to A$0.43, on track to see their worst day since Oct. 28, if
losses hold 
    ** Battery materials and gold miner says co to raise A$1.6
mln ($1.07 mln)(before costs), to advance exploration at co's
Central and Matilda South prospects in co's southern
Albany-Fraser Orogen project, Western Australia   urn:newsml:reuters.com:*:nASX2BSz7j
    ** Placement is at an issue price of A$0.40 per share which
is at a discount of 15.8% to stock's last close
    ** Shares of co hits lowest since Nov 4
    ** Shares of co are up 137.5% YTD as of last close 
    ($1 = 1.4977 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))