Australia's Miramar Resources hits record low on discounted placement

Miramar Resources

04/04/2024 02:08

** Shares of Miramar Resources  M2R.AX  fall as much as
33.3% to A$0.012, hitting their record low
    ** Mineral explorer receives firm commitments to raise
A$546,600 ($358,952.22)
    ** Issue price at A$0.012 represents a 33.3% to co's last
closing of A$0.018 on March 22
    ** Co says funds raised to be used to progress co's
Bangemall Ni-Cu-Co-PGE projects in Western Australia, among
others
    ** 509,012 shares change hands, 1.9 times the 30-day average
volume of shares
    ** Stock has fallen 14.3% this year as of last close


($1 = 1.5228 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))