Australia's Polymetal Resources falls on discounted placement

Polymetals Resources

10/02/2025 01:32

** Shares of Polymetals Resources  POL.AX  fall as much as
5.8% to A$0.805, their lowest since January 6
    ** Mining and exploration co raises A$35 million ($21.91
million) via placement at offer price of A$0.80 per share
    ** Offer price represents a discount of 6.4% to stock's last
closing price
        ** Stock up ~3.8% YTD, including day's moves

($1 = 1.5972 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))