Australia's Mithril Silver and Gold falls on discounted placement

Mithril Silver and Gold

28/10/2024 05:03

** Shares of Mithril Silver and Gold  MTH.AX  slump 11.5% to
A$0.525; set for their biggest pct loss since Oct. 3, if current
trend holds
    ** Precious metal explorer receives commitments to raise
A$12.5 mln ($8.25 mln) via placement of 25 mln shares
    ** Sets issue price at A$0.50, a 11.5% discount to the last
close
    ** co says funds will be used for a drill program, road
upgrades for projects in Mexico, among others
    ** Stock hits its lowest level since Oct. 18
    ** Stock up 150% YTD, including current session, as at 0500
GMT


($1 = 1.5156 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))