Australia's Ora Gold falls most in 2 weeks on discounted placement

New Murchison Gold

02/11/2023 24:44

** Shares of Australian gold miner Ora Gold  OAU.AX  fall as
much as 12.5% to A$0.007, marking their biggest intraday pct
fall since Oct. 19
    ** Co says received firm commitments to raise A$5 mln ($3.21
mln)
    ** Issue price of A$0.006 per share represents a discount of
25% to stock's last close
    ** Co says funds will be used to fast-track resource growth
and technical programmes at Garden Gully Gold Project, Western
Australia
    ** Issue of 833.3 mln shares represents 0.22% of co's free
float of 3.72 bln shares - LSEG data
    ** Stock up 33.3% YTD, as of last close

($1 = 1.5564 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))