Australia's Manhattan Corp falls after discounted placement

Manhattan Gold

22/03/2021 01:39

** Shares of gold and uranium explorer Manhattan Corp Ltd
 MHC.AX  fall as much as 5.6% to A$0.017
    ** Co said it received applications for issue of 200 mln new
ordinary shares at A$0.015 to raise up to A$3.0 mln ($2.31 mln)
 urn:newsml:reuters.com:*:nASXx0x4R
    ** Issue price of A$0.015 at 16% discount to last close
price of A$0.018  
    ** Stock posts its biggest intraday pct fall since March 5
    ** Stock down 28% this year, as of last close

    ($1 = 1.2968 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))