Australia's Asra Minerals falls most in nearly 9 months on discounted placement

Goldarc Resources

17/11/2023 01:58

** Shares of Australia's Asra Minerals  ASR.AX  fall as much
as 21.4% to A$0.011, marking their biggest intraday pct drop
since Feb. 24
    ** Mineral explorer raises A$2.5 mln ($1.62 mln) via share
placement   
    ** Issue price of A$0.012 per share represents a discount of
~14.3% to stock's last close
    ** Issue of 211 mln shares represents 0.2% of co's free
float of 978 mln shares - LSEG data
    ** Stock down 30% YTD, as of last close

($1 = 1.5473 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))