Australia's Greenvale Mining falls on discounted capital raise

Greenvale Energy

28/09/2022 02:46

** Shares of Australia's Greenvale Mining Ltd  GRV.AX  fall
as much as 20% to A$0.060, lowest since Nov. 3, 2020 
    ** Mineral explorer launches share purchase plan to raise
A$2.4 mln ($1.54 mln) at an offer price of A$0.06 per share
    ** Offer price at a 20% discount to stock's last closing
price
    ** Co says proceeds will be used to advance expanded
processing test work at Alpha Torbanite Project in central
Queensland
    ** Shares mark biggest intraday pct fall since July 26
    ** GRV down 77.3% YTD, as of last close 
($1 = 1.5555 Australian dollars)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))