Australia's Many Peak Minerals falls on discounted placement

Many Peaks Minerals

16/07/2025 02:31

** Shares of Many Peak Minerals MPK.AX fall 4.8% to A$0.790, on track for their worst day since July 9, if trend continues

** The gold and copper-focused explorer raises A$13.5 million ($8.81 million) at an issue price of A$0.72 per share

** Issue price represents a discount of 13.3% to stock's last close

** Stock up 295% YTD, including moves in current session

($1 = 1.5316 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))