Australia's Lithium Energy falls on discounted placement

LE Minerals

15/09/2022 02:14

** Shares of Lithium Energy  LEL.AX  slump as much as 7.9%
to A$1.105, their worst day since Aug 17 - if losses hold
    ** The battery minerals co announces completion of a A$15
million ($10.11 million) capital raising  urn:newsml:reuters.com:*:nFWN30L1P3
    ** Says funds raised will be used principally to accelerate
and potentially expand exploration activities at the Solaroz
Lithium Brine Project in Argentina
    ** Issue price of A$1.00 per share is at a 16.7% discount
the last closing price on Sept 12 
    ** Shares hit lowest since Sept 9 
    ** Stock has risen ~29% this year as of last close=

($1 = 1.4830 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))