Australia's Manhattan Gold loses most in four months on discounted placement

Manhattan Gold

18/03/2026 24:30

** Shares of Australia's Manhattan Gold Corporation MHC.AX fall as much as 10.7% to A$0.025, hitting their biggest intraday pct drop since November 18, 2025

** Stock touches its lowest level since March 6

** The mineral explorer says it raises A$3 million ($2.13 million) through placement

** Offer price of A$0.024 per share represents 14.3% discount, as of firm's last close

** Says placement funds used to support drilling at its Hook Lake High Grade Gold and Polymetallic Project in Canada

** Stock down 7.1% YTD, including day's moves

($1 = 1.4061 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))