Australia's Odyssey Gold falls on discounted placement

Odyssey Gold

20/06/2025 02:10

** Shares of Odyssey Gold ODY.AX fall 17.4% to A$0.019, set for their worst intraday drop since late July, 2024

** Gold explorer to raise A$4 mln ($2.59 mln) at issue price of A$0.018 per share

** Issue price represents a discount of 21.7% to the last close

** Around 1.7 mln shares change hands, vs the 30-day average of 831,236 shares

** Stock up 5.6% this year, including the day's move

($1 = 1.5420 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))