Australia's Metal Hawk falls most in nearly 4 weeks on discounted placement
24/07/2023 01:53
** Shares of Metal Hawk Ltd MHK.AX slip as much as 15.4%
to A$1.110, posting their biggest intraday pct loss since June
27
** Mineral explorer says it has received firm commitments to
raise A$1.2 mln ($807,600.00) before costs via a placement
** Issue price of A$0.11 per share is at a 15.4% discount to
last close on July 19
** Co says funds raised to be used to advance
lithium-nickel-rare earth elements projects
** Shares hit their lowest since July 12
** MHK stock down 21.2% YTD, as of last close
($1 = 1.4859 Australian dollars)
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))