Australia's Krakatoa falls on discounted placement

Krakatoa Resources

12/09/2025 03:01

** Krakatoa Resources KTA.AX slips 15.4% to A$0.011; set for worst session since July 18

** Mineral explorer to raise A$3.1 mln ($2.1 mln) at A$0.0105/share

** Issue price represents more than 19% discount to last close

** Funds to be used for maiden drilling programme at Zopkhito Antimony-Gold Project in Georgia

** More than 45.8 mln shares traded, 1.2x the 30-day avg

** YTD, KTA gains 22.2%

($1 = A$1.5011)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))