Australia's Okapi Resources at 2-mth low on A$2 mln stock sale plan

Global Uranium and Enrichment

31/10/2022 04:27

** Shares of Okapi Resources  OKR.AX  slump as much as 8.7%
to A$0.210, hitting its lowest since Aug. 29 
    ** The gold explorer says it has received binding
commitments to raise A$2.0 mln ($1.28 million) via a share
placement 
    ** Says funds raised will be used to progress co's portfolio
of uranium assets in the United States, among others 
    ** Issue price of A$0.19 per share is at a 17.4% discount to
last closing price on Oct. 26 
    ** Stock sees worst day since Sept. 26 - if losses hold 
    ** Stock has fallen ~33.3% this year, as of last close
($1 = 1.5569 Australian dollars)
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))