Australia's Felix Gold slides on discounted placement

Felix Gold

05/05/2025 05:20

** Shares of Felix Gold FXG.AX fall 8.8% to A$0.155

** Stock fell as much as 11.8% earlier in the session, its largest intraday pct loss since early April

** Gold miner receives firm commitments to raise A$17 million ($10.99 million) via a placement

** Placement issue price at A$0.155 per share, an 8.8% discount to stock's last close

** Says funds will be used for drilling and exploration activities among others across co's projects

** More than 2.9 million shares change hands vs 30-day avg volume of around 1.9 million shares

** Day's move trims stock's YTD gains to 84.5%

($1 = 1.5470 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))