Australia's Mt Malcolm Mines hits all-time low on discounted capital raise

Mt Malcolm Mines NL

15/05/2023 02:21

** Shares of Mt Malcolm Mines Nl  M2M.AX  fall as much as
6.3% to an all-time low of A$0.030 
    ** Gold explorer announces a pro-rata non-renounceable
rights issue to raise A$1.3 mln ($881,790.00)
    ** Issue price of 3 Australian cents per share represents a
discount of 6.3% to stock's last close 
    ** Shares set for worst day since April 20, if losses hold  
 
    ** Shares down 40.7% YTD, as of last close 
($1 = 1.4743 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))