Australia's Impact Minerals slides after discounted placement

Impact Minerals

11/03/2022 01:45

** Shares of metals explorer Impact Minerals  IPT.AX  fall
as much as 12.5% to A$0.014
    ** Stock to mark worst day since Nov. 22, if losses hold
    ** Co says it raised A$2 mln ($1.47 mln) in a placement to
professional and sophisticated investors at A$0.012 per share
 urn:newsml:reuters.com:*:nASX8sZpFm 
    ** Placement price represents a 25% discount to stock's last
close of A$0.016
    ** Trading volumes are more than twice their 30-day average,
with nearly 8.1 mln shares having changed hands 
    ** IPT has surged 23.1% YTD, as of last close 

($1 = 1.3624 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))