Australia's Predictive Discovery falls on discounted placement

Predictive Discovery

02/05/2024 01:47

** Shares of Predictive Discovery  PDI.AX  fall as much as
11.9% to A$0.185, set to lose most since April 15 - if current
trend holds
    ** Mineral explorer receives commitments to raise A$50 mln
($32.61 mln) at an issue price of A$0.19 per new share
    ** Issue price is at a 9.5% discount to stock's last close
    ** Stock hits lowest level since March 1
    ** Stock down more than 9% this year, as of last close


($1 = 1.5333 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))