Australia's Miramar Resources slides on discounted placement

Miramar Resources

13/02/2025 02:10

** Miramar Resources  M2R.AX  plunges 25% to A$0.003, lowest
since Jan. 21
    ** Mineral explorer says it will raise A$1.8 mln ($1.1 mln)
at issue price of A$0.003, a 25% discount to last close
    ** Stock set for worst intraday pct drop since Jan. 21
    ** M2R down more than 14% YTD

($1 = A$1.5921)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))