Australia's Falcon Metals at bottom of ASX 200 on market debut

Falcon Metals

22/12/2021 04:10

** Gold miner's shares  FAL.AX  fall as much as 27% to
A$0.37 on market debut; biggest loser on ASX 200 index  .AXJO 
    ** Shares open trading at A$0.41
    ** Company raises A$30 mln ($21.4 mln) in IPO at issue price
of A$0.50/shr  urn:newsml:reuters.com:*:nASX2yNgRY
    ** Falcon Metals was formed as a result of Chalice Mining
 CHN.AX  demerging its gold assets in Victoria and Western
Australia
    ** CHN shares fall as much as 3%
    ** FAL stock last down 20% at A$0.40, with about 8 mln
shares trading hands

 ($1 = 1.4017 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))