Metals Acquisition's ASX-listed shares fall on discounted placement

MAC Copper

10/10/2024 01:25

** ASX-listed shares of Metals Acquisition  MAC.AX   MTAL.N 
fall as much as 11.6% to A$18.310, on track for its worst day
ever — if current trend holds
    ** The firm, which specialises in acquiring metals and
mining businesses, raises A$150 million through placement at
issue price of A$18
    ** Co says issue price is at 13% discount to stock's last
close
    ** Stock hits its lowest level since Sept 24
    

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