Australia's Alicanto Minerals sees worst day in over 3 weeks on discounted placement

Sinclair Gold

15/11/2021 01:39

** Gold explorer Alicanto Minerals Ltd  AQI.AX  falls as
much as 6.9% to A$0.135, marks its worst intraday session since
Oct 22
    ** Co says it received commitments for A$7 mln ($5.13 mln)
via share placement to complete its maiden inferred resource,
among others  urn:newsml:reuters.com:*:nASXq6ltb
    ** Issue price of 13 AU cents represents a 10% discount to
co's last close on Nov 10
    ** Co to issue about 53.8 mln shares representing 24% of
co's free float
    ** Co was on a trading halt since Nov 11; stock up 45% this
year, as of last close

    ($1 = 1.3635 Australian dollars)
    

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))