Australia's Inca Minerals losses most in nearly 3 mths on discounted placement

Rokeby Resources

09/11/2023 02:34

** Shares of Australia's Inca Minerals  ICG.AX  fall as much
as 23.8% to A$0.016, marking its biggest intraday fall since
Aug. 11
    ** Stock at its lowest level since Nov. 3
    ** The junior resource co says received commitments for
placing A$1 mln ($641,400.00) at an issue price of A$0.015 per
share
    ** Adds funds to be used to progress exploration at lithium
project in Western Australia, among others
    ** Issue price represents a discount of ~28.6% to stock's
last closing
    ** Issue of ~66.7 mln shares represent 0.18% of co's free
float of 366.95 mln shares - LSEG data
    ** Stock down 8.7% YTD as of last close


($1 = 1.5591 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))