Australia's Rumble Resources hits more than 2-year low on discounted capital raise

Rumble Resources

14/08/2023 02:04

** Shares of Rumble Resources  RTR.AX  slump as much as
17.7% to A$0.140, hitting their lowest since April 9, 2021
    ** Diversified miner says it has received firm commitments
to raise A$8.1 mln ($5.25 mln) via share placement 
    ** Adds it will raise up to A$3 mln through share purchase
plan
    ** Issue price of A$0.135 per share is at a 20.6% discount
to previous trading price on Aug 9 
    ** Shares see worst day since June 2, 2021 if current losses
hold; fall for third straight session 
    ** Stock had fallen 22.7% this year, as of last close

($1 = 1.5430 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))