Australia's Great Southern Mining falls on discounted placement

Great Southern Mining

10/04/2024 03:09

** Shares of Great Southern Mining  GSN.AX  fall as much as
8.7% to A$0.021, set for worst day since April 2 - if current
trend holds
    ** Gold explorer receives commitments to raise A$1.8 mln 
($1.19 mln) at an issue price of A$0.02 per share
    ** Issue price at a 13% discount to stock's last close
    ** Funds will be used for Western Australian exploration
programmes - co
    ** Stock had risen 15% this year, as of last close

($1 = 1.5097 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))