Australia's Rimfire Pacific falls to over 1-month low on discounted placement

Rimfire Pacific Mining

23/07/2025 04:04

** Shares of Rimfire Pacific Mining RIM.AX fall as much as 29.2% to A$0.017, hitting their lowest level since June 19

** Stock marks its biggest intraday pct loss since September 26, 2024

** The critical minerals explorer says it will raise A$3.5 million ($2.29 million) at an issue price of A$0.015

** Says issue price at a 37.5% discount to stock's last close

** Stock down 51.4% this year, including the day's move

($1 = 1.5253 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))