Australia's iTech Minerals eyes worst day ever on discounted placement

Itech Minerals

17/07/2024 01:49

** Shares of iTech Minerals  ITM.AX  fall as much as 22% to
A$0.078, eyeing its worst day ever - if current trends hold
    ** The mineral explorer completes placement to raise A$1.8
million ($1.21 million) at issue price of A$0.071 per share
    ** Adds, issue price is at 29% discount to stock's last
close
    ** Stock hits lowest level since a week
    ** Stock is down 9% this year as of last close

($1 = 1.4870 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))