Australia's S2 Resources slides on discounted placement

S2 Resources

10/06/2025 03:28

** S2 Resources S2R.AX slides 11.8% to A$0.075, lowest since March 27

** Stock set for biggest one-day pct drop since April 7

** Mineral explorer announces A$3.5 mln ($2.3 mln) capital raising at A$0.072/share

** Issue price represents a 15.3% discount to last close

** YTD, S2R up 10.5%

($1 = A$1.5373)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))