Australia's Matsa Resources hits record low on discounted placement

Matsa Resources

05/09/2023 06:27

** Shares of Matsa Resources  MAT.AX  fall as much as 15.2%
to A$0.028, hitting their lowest level ever
    ** Stock last down 12.1%, eyes worst day since May 1, if
losses hold
    ** Gold miner to raise A$2.0 mln($1.28 mln) via placement
for Lake Carey Gold Project
    ** Co says issue of new shares at A$0.03 per share, a
discount of 9.1% from last day's close
    ** 2.7 mln shares change hands, 9 times the 30-day average
    ** Stock has fallen 10.8% YTD

($1 = 1.5579 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))