Australia's Nordic Resources skids on discounted placement

Nordic Resources

14/04/2025 02:11

** Shares of Nordic Resources NNL.AX fall as much as 13% to A$0.100, eyeing their worst day since March 24

** The mineral explorer raises A$2.85 million ($1.79 million) at A$0.06 per share

** Says, placement is at 47.8% discount to stock's last close

** Stock up 36.9% this year, including the day's move

($1 = 1.5898 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))