Australia's Okapi Resources falls on discounted placement

Global Uranium and Enrichment

14/07/2022 02:35

** Shares of mineral explorer Okapi Resources  OKR.AX  fall
as much as 11.1% to A$0.160, their lowest since Aug. 5
    ** Co raises A$2.5 mln ($1.68 mln) before costs, to complete
a diamond drilling program at Enmore Gold Project and Athabasca
North American summer exploration program  urn:newsml:reuters.com:*:nASXb8Lgnt
    ** Issue price of A$0.15 per share represents a 16.7%
discount to stock's last closing price
    ** Shares mark their biggest intraday pct fall since June 17
    ** As of last close, stock down 47.8% this year


($1 = 1.4852 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))