Australia's Nimy Resources slumps on discounted placement

Nimy Resources

12/07/2024 02:30

** Shares of Nimy Resources  NIM.AX  slump as much as 13.6%
to A$0.051; set for their worst day since April 24, if trend
holds 
    ** The critical minerals explorer says it has received firm
commitments to raise A$1.217 million ($822,448.60) via a share
placement 
    ** Issue price of 5 AU cents per share represents a 15.3%
discount to the last traded price on July 9 
    ** Funds raised will be used for general working capital
purposes, among others 
    ** Stock has fallen ~54.2% this year, as of last close


($1 = 1.4797 Australian dollars)

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