Australia's Iltani Resources falls on discounted placement

Iltani Resources

21/05/2025 03:44

** Shares of Iltani Resources ILT.AX fall as much as 8.3% to A$0.220

** ILT marks biggest intraday pct loss since April 7 and at lowest level since April 27

** Precious and base metals explorer receives commitments from investors to raise A$1.8 mln ($1.16 mln) at A$0.215 per share, a 10.4% discount to Friday's close before it went on trading halt

** About 354,667 shares change hands, 3.1x 30-day average

** Stock up 9.8% YTD

($1 = 1.5528 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))