Australia's OD6 Metals hits record low on discounted placement

OD6 Metals

26/03/2024 24:50

** Shares of OD6 Metals  OD6.AX  fall as much as 18.4% to a
record low of A$0.071
    ** Stock currently down 11.5%, on track for worst day since
Feb. 6 if losses hold
    ** Non-gold precious metals and minerals miner received firm
commitments to raise A$1.5 mln ($980,550.00) at an issue price
of 7.1 Australian cents per share
    ** Issue price represents discount of 18.4% to last close
    ** Stock had fallen 37.9% this year, as of last close
        
($1 = 1.5298 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))