Australia's Alicanto Minerals falls on discounted placement

Sinclair Gold

23/10/2025 03:01

** Shares of Australia's Alicanto Minerals AQI.AX fall as much as 4.6% to A$0.042, biggest intraday pct fall since October 15

** Mineral explorer announces A$3 million ($1.95 million) private placement at an issue price of A$0.04 per share

** Issue price is at a discount of 9.1% to stock's last closing

** Proceeds of the placement to fund exploration activities on Falun Copper-Gold project & Sala Silver-Zinc project - AQI

** Near 1.1 million shares change hands, 1.4x the 30-day average volume

** Stock has risen 16.2% this year, as of 0156 GMT

($1 = 1.5389 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))