Australia's Osmond Resources slips to 7-month low on discounted placement
12/01/2026 01:09
** Osmond Resources OSM.AX slips as much as 14.3% to A$0.6, lowest since June 11, 2025 ** Stock marks biggest intraday pct drop in a month ** Diversified mineral explorer says it will raise A$6.6 million ($4.4 million) through placement ** Offer price of A$0.60/share marks 14.3% discount to last close ** Co says funds will be used to progress its Orión EU Critical Minerals Project in Spain ** OSM gained 74.7% in 2025 ($1 = A$1.4928) (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))
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