Australia's Riedel Resources falls on discounted placement

Riedel Resources

02/05/2023 07:04

** Shares of Australia's Riedel Resources Ltd  RIE.AX  fall
as much as 16.7% to A$0.005
    ** Stock hits lowest since and marks its worst day since
April 6  
    ** The miner says co has received firm commitments to raise
A$2.5 mln (before costs) at A$0.005 per share 
    ** Offer price is a discount of 16.7% to the stock's last
close 
    ** Stock down 33.3% this year, as of last close

    

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))