Australia's Siren Gold at more than 2-mth low on discounted placement

Siren Gold

12/09/2023 04:19

** Shares of Siren Gold  SNG.AX  slip as much as 6.9% to
A$0.081, hitting their lowest level since July 6 
    ** The gold explorer says it has received commitments to
raise about A$2 mln ($1.29 mln)
    ** Issue price of A$0.075 per share is at a 13.8% discount
to last close on Sept. 7 
    ** Says funds raised will be used to fund exploration at
Auld Creek and Sams Creek, among others
    ** Shares post their biggest intraday pct loss since Aug. 22
    ** Shares on track to post their fourth consecutive session
of losses, if trend holds 
    ** SNG stock down 52.3% YTD, as of last close 

($1 = 1.5540 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))