Australia's Great Boulder Resources falls most in 3 years on discounted placement
31/10/2024 24:27
** Shares of Great Boulder Resources GBR.AX fall as much
as 16.7% to A$0.045, their biggest intraday pct loss since Sept
28, 2021
** Shares hit their lowest level since Sept 13
** The gold explorer says it has secured binding commitments
to raise A$6.3 mln ($4.14 mln)
** Issue price of 4.2 AU cents per share is at a 22.2%
discount to stock's last close on Oct 28
** Says funds raised will be used for resource expansion
exploration and drilling campaigns at co's flagship Side Well
Gold Project, among others
** About 2.7 mln shares exchange hands, 2.5x the 30-day avg
of 1.1 mln shares
** Stock down 24.6% YTD as at 0020 GMT
($1 = 1.5216 Australian dollars)
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))