Australia's Mithril Resources slips most in 11 months on discounted placement

Mithril Silver and Gold

13/04/2022 04:41

** Shares of Mithril Resources  MTH.AX  decline as much as
13% to A$0.010, their biggest intraday pct loss since May 13,
2021
    ** The diversified metals explorer says it has received firm
commitments to raise A$3.5 mln ($2.61 million) via a share
placement  urn:newsml:reuters.com:*:nFWN2WA1NL
    ** Co says funds raised will be used to continue diamond
core drilling in the Copalquin District to expand the high-grade
gold-silver maiden JORC resource at El Refugio in Mexico
    ** Issue price of A$0.01 cents per share is at a 9.1%
discount to the last closing price on April 8
    ** Shares hit lowest since March 16
    ** Around 13.2 mln shares change hands, 7.3 compared with
the 30-day average volume of 1.8 mln 
    ** Stock has fallen 28.3% this year, as of last close

($1 = 1.3390 Australian dollars) 

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))