Aussie miner Golden Mile falls most in 2 months on discounted placement

Golden Mile Resources

20/06/2023 05:26

** Shares of Golden Mile Resources Ltd  G88.AX  drop as much
as 11.8% to A$0.045, their biggest intraday pct fall since April
21
    ** The Australian mineral explorer completed A$1.9 mln
($1.29 mln) capital raise before costs at an issue price of
A$0.044 per share 
    ** Issue price at a 13.7% discount to last close on June 15
    ** Says funds will be used to speed up drilling at 
Quicksilver, Yuinmery and others
    ** Shares hit their lowest level since June 14; on track to
record a second consecutive session of losses 
    ** G88 stock up 155% this year, as of last close 

($1 = 1.4691 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))