Australia's Rimfire Pacific Mining slides on discounted placement
11/03/2025 23:50
** Shares of Rimfire Pacific Mining RIM.AX fall 10% to A$0.027, hitting their lowest level since mid-February ** Critical minerals explorer receives firm commitments to raise A$2 mln ($1.26 mln) via a placement ** Placement issue price at A$0.025 per share, a 16.7% discount to stock's last close ** Says funds will be used for drilling programs of rare earth mineral scandium across co's projects ** Stock down 22.9% YTD, including current session's moves ($1 = 1.5886 Australian dollars) (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com))
Recent news on Rimfire Pacific Mining
See all newsBrief: Rimfire Pacific Mining To Secure 60% Of Avondale Project
Australia's Rimfire Pacific falls to over 1-month low on discounted placement
Brief: Rimfire Pacific Mining To Raise A$3.5M At A$0.015 Per Share
Brief: Rimfire Pacific Mining Says Unsuccessful In Arbitration With Golden Plains Resources
Brief: Rimfire Pacific Mining Seeks Trading Halt