Australia's Peninsula Energy slumps most in over 19 yrs on discounted placement

Peninsula Energy

19/11/2023 23:58

** Shares of Peninsula Energy  PEN.AX  fall 36.7% to
A$0.076, set for worst day since April 2004, if losses hold
    ** Uranium mining co says binding commitments received to
raise A$50 million ($32.54 million) via placement to restart
production at the Lance Project
    ** Issue price of A$0.075 per share represents a discount of
37.5% to stock's last closing price
    ** PEN stock down 7.7% YTD as of last close
 


($1 = 1.5366 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))