Australia's Koonenberry Gold falls on discounted placement

Koonenberry Gold

13/02/2025 04:43

** Shares of Australia's Koonenberry Gold  KNB.AX  fall as
much as 5.9% to A$0.032, their biggest intraday pct fall since
Feb. 7
    ** Mineral explorer announces share placement to raise A$2.0
million ($1.26 million ) at an issue price of A$0.030 per share
    ** Issue price at a discount of 11.8% to stock's last
closing
    ** Funds from placement to accelerate exploration at co's
Enmore and Lachlan projects - KNB
    ** Stock has risen 153.8% this year, as of 0439 GMT

($1 = 1.5891 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))