Australia's Evolution Energy falls on discounted placement

Evolution Energy Minerals

13/06/2024 03:26

** Shares of Evolution Energy Minerals  EV1.AX  fall as much
as 9.8% to A$0.037, set to lose most since June 6 - if current
trend holds
    ** Mineral explorer receives commitment to raise A$4 million
 ($2.7 million) at issue price of A$0.04 per share
    ** Co says, issue price is at 2.4% discount to stock's last
closing price
    ** 11 mln shares change hands, compared with the 30-day
average volume of 210,096
    ** Stock is down 70% this year, as of last close

($1 = 1.5031 Australian dollars)

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