Australia's Focus Minerals drops on discounted entitlement offer
30/12/2021 01:27
** Shares of Focus Minerals FML.AX fall as much as 6.4% to
A$0.295, marking their biggest intraday pct loss since Dec. 13
** Gold explorer says it raised about A$25.5 mln ($18.51
mln) in a non-renounceable entitlement offer urn:newsml:reuters.com:*:nFWN2TE054
** Issue price of A$0.25 per share represents a 20.6%
discount to stock's last closing price of A$0.315
** FML stock down ~7.4% YTD, as of last close
($1 = 1.3778 Australian dollars)
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))
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