Great Southern Mining hits over 2-yr low on discounted placement

Great Southern Mining

06/07/2022 03:08

** Shares of Great Southern Mining  GSN.AX  plunge as much
as 15.4% to A$0.033, hitting their lowest level since March 2020
    ** Co says it will raise A$2.1 mln ($1.43 mln) at an issue
price of A$0.035 per share, a 10.3% discount to the stock's last
close on Tuesday  urn:newsml:reuters.com:*:nASX3bWhDh
    ** Stock on track for biggest intraday percentage loss since
June 15 and is on track for a second consecutive session of
losses 
    ** GSN is down ~43.5% this year, as of last close 

($1 = 1.4691 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))