Australian lithium miner Marquee Resources falls on discounted placement

Marquee Resources

06/04/2022 05:14

** Shares of Marquee Resources Ltd  MQR.AX  fall as much as
10.2% to A$0.11, set of worst session since March 28, if losses
hold
    ** The mineral explorer announces A$5.7 mln ($4.31 mln)
capital raise to fund drilling and exploration work at lithium
projects  urn:newsml:reuters.com:*:nASX76r87q
    ** Issue price of A$0.105 represents a discount of 14.6% to
its last close
    ** Also announces a share purchase plan of A$2 mln on the
same terms as placement
    ** More than 4.8 mln shares change hands, compared with the
30-day average volume of about 3 mln shares
    ** Stock went on a trading halt on April 4
    ** Stock has fallen 9.3% this year, as of last close


($1 = 1.3217 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))