Australia's MinRex slips on discounted placement

Northstone Resources

21/04/2022 06:43

** Shares of exploration company MinRex Resources  MRR.AX 
fall as much as 2.7% to A$0.072
    ** Co says received firm commitments for A$13.5 mln ($10.04
mln) placement
    ** Placement at A$0.062/share, represents a 16.2% discount
to Wednesday's close 
    ** Funds to be used to fast-track MinRex's Pilbara
Lithium-Tin-Tantalum exploration and other projects
    ** 24.8 mln shares change hands, compared with the 30-day
average volume of 16.8 mln
    ** Stock had risen 72.1% this year, as of last close 
($1 = 1.3448 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))