Australia's Gold 50 hits 9-1/2 month-low on discounted placement
25/08/2023 06:10
** Shares of Gold 50 G50.AX fall as much as 13.3% to
A$0.13, their lowest level since Nov 7, 2022
** Stock posts biggest intraday pct fall since July 11
** Precious metals explorer says it received firm
commitments to raise A$1.35 mln at issue price of A$0.14 per
share - a 6.7% discount to stock's last close
** Funds will be used to complete the planning for follow-up
programs at Golconda project in Arizona, U.S - co
** G50 down 40% this year, as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))