Australia's Metal Hawk falls on discounted placement
28/09/2022 03:01
** Shares of Australia's Metal Hawk MHK.AX fall as much as
2.6% pct to A$0.19, biggest intraday drop since Sept 23, if
losses hold
** Shares fall as the mineral explorer receives firm
commitments to raise A$1.05 million ($673,470.00) by way of
placement urn:newsml:reuters.com:*:nASXbZcpL4
** Says placement issue price of A$0.16 per new share, which
is at a discount of 18% to co's last close of A$0.195
** Adds that proceeds will be used to further support nickel
sulphide drilling at co's Berehaven Project, in the WA
goldfields
** Stock has fallen 31.6% this year as of last close
($1 = 1.5591 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))