Australia's Siren Gold hits near 2-week low on discounted placement

Siren Gold

26/02/2024 24:45

** Shares of Siren Gold  SNG.AX  fall as much as 5.2% to
A$0.055, hitting their lowest level since Feb 14 
    ** The gold explorer says it has received firm commitments
to raise A$2.2 mln ($1.44 mln)
    ** Issue price of A$0.5 per share is at a 13.8% discount to
last close on Feb 21
    ** Co says proceeds from placement will be used to fund
exploration activities at Auld Creek, Sams Creek, among others 
    ** Stock down 14.7% YTD, as of last close 

($1 = 1.5249 Australian dollars)

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