Australia's Hamelin Gold falls on discounted placement

Hamelin Gold

07/04/2025 04:24

** Shares of Hamelin Gold HMG.AX fall as much as 6% to A$0.079, their biggest intraday pct drop since March 18

** The mineral resources explorer announces capital raise of about A$2.8 million ($1.68 million) at A$0.07 per share

** Issue price represents a discount of 16.7% to the stock's last close

** Stock up 23.4% YTD, including moves in current session

($1 = 1.6620 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))