Australian lithium miner Greenwing slides on discounted placement

Greenwing Resources

08/09/2021 02:32

** Shares of lithium miner Greenwing Resources Ltd  GW1.AX 
fall as much as 6.5% to A$0.290, set for worst day since Aug 27
    ** GW1 says it completed equity offer of 25.6 million new
shares at A$0.24 apiece to raise A$6.15 mln ($4.55 mln)
 urn:newsml:reuters.com:*:nFWN2Q916S
    ** Issue price at 22.6% discount to stock's close on Sept 3,
issue represents 28.7% of shares outstanding 
    ** Over 668,942 shares change hands vs 30-day avg volume of
149,292
    ** Stock has risen 77.1% this year, as of last close


($1 = 1.3526 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))