Australia's Flynn Gold falls on discounted rights issue

Flynn Gold

11/09/2025 04:51

** Shares of Flynn Gold FG1.AX slip as much as 7.1% to A$0.026, its biggest intraday pct loss since June 27

** Mineral explorer announces renounceable rights issue to raise up to A$3 mln ($1.98 mln) at 2.3 AU cents/share

** Issue price represents a discount of nearly 18% to stock's last close

** Funds to be used to advance drilling program at Golden Ridge and elsewhere in Tasmania - Co

** More than 21.6 mln shares traded so far, 5.5x 30-day avg

** Stock last down 3.6%, trims YTD gains to 3.9%

($1 = 1.5126 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))