Australia's Rimfire Pacific Mining slumps on discounted placement
07/08/2026 01:45
BUZZ-Australia's Rimfire Pacific Mining slumps on discounted placement ** Shares of Australia's Rimfire Pacific Mining RIM.AX fall as much as 18.2% to A$0.009, hitting their lowest level since November 30, 2023
** Stock posts biggest intraday pct fall since September 18, 2025
** The critical minerals explorer receives commitment to raise A$2.30 million ($1.62 million) via placement at issue price of A$0.008 cents per share
** Issue price at 27% discount to stock's last close
** Stock down over 10% this year, including the day's move
($1 = 1.4231 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
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