Australia's Green & Gold Minerals drops on discounted entitlement offer
07/09/2026 05:42
BUZZ-Australia's Green & Gold Minerals drops on discounted entitlement offer ** Shares of Australia's Green & Gold Minerals GG1.AX fall as much as 7% at A$0.130, hitting their lowest level since August 21
** Stock headed for its biggest pct fall since August 31, if trends hold
** Gold exploration and development company announces a pro-rata renounceable entitlement offer to raise about A$3.2 million
** Offer is priced at A$0.10 per share, representing a 28.6% discount to the stock's last close on September 4
** Company says proceeds from the offer will be used to fund exploration at company's existing projects and as general working capital
** Stock down 31.6% YTD, including session's moves
(Reporting by Shravya Marakini in Bengaluru)