Australia's Caeneus Minerals falls on discounted placement

Mantle Minerals

19/09/2022 02:25

** Shares of Caeneus Minerals  CAD.AX  fall as much as 10%
to A$0.005, set for their worst day in a week, if losses hold 
    ** The mineral explorer says it has received commitments to
raise A$2.5 mln ($1.68 mln) via a placement  urn:newsml:reuters.com:*:nTUE9K9WP
    ** Says funds raised will enable co to continue its
exploration initiatives at the Pardoo Nickel and Roberts Hill
gold projects in the Pilbara region of Western Australia
    ** Issue price of A$0.004 per share is at a 20% discount to
the last closing price on Sept 15 
    ** Caeneus stock down 61.5% this year, as of last close

    ($1 = 1.4868 Australian dollars)

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