Australia's Legacy Minerals at over 3-week low on discounted placement

Legacy Minerals Holdings

29/11/2023 04:45

** Shares of Legacy Minerals Holdings Ltd  LGM.AX  fall as
much as 12.1% to A$0.145, their lowest level since Oct 30
    ** Stock posts its biggest intraday pct fall since Nov 14
    ** The gold miner says it will undertake fully underwritten
non-renounceable entitlement offer to raise A$1.6 mln at an
issue price of 13.5 AU cents per share link
    ** Issue price represents a discount of 18.2% on last close
of Nov. 24
    ** LGM stock was on a trading halt on Nov 27 and Nov. 28
    ** About 632,473 shares change hands, compared with the
30-day average volume of about 60,000
    ** Stock down 15.4% this year, as of last close

    

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))