Australia's Golden Mile Resources slumps on discounted placement

Golden Mile Resources

02/03/2023 24:14

** Shares of Golden Mile Resources Ltd  G88.AX  slide as
much as 9.5% to A$0.019, their lowest since Feb 13
    ** The gold miner says renounceable entitlement offer to
raise up to A$1.3 mln ($878,670.00)
    ** Two for 5 renounceable entitlement offer to raise up to
A$1.3 mln (before costs) 
    ** Offer price of 1.6 AU cents represents a 31.3% discount
to the last closing price of 2.1 AU cents on Feb 24
    ** Stock posts its biggest intraday pct fall since Feb 13
    

    
    ($1 = 1.4795 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))