Australia's G50 Corp tumbles on discounted share placement
29/07/2026 05:43
BUZZ-Australia's G50 Corp tumbles on discounted share placement ** G50 Corp's G50.AX shares down as much as 18.2% to A$0.54
** Precious metals exploration company receives firm commitments to raise A$26.25 million ($18.24 million) via share placement
** Issue price of A$0.595 per share represents a 9.8% discount to the stock's last close
** Funds will be used to accelerate exploration at company's U.S. projects, among others
** Stock down 22.5% YTD
($1 = 1.4393 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)