Australia's Spartan Resources slides on discounted placement
** Spartan Resources SPR.AX falls as much as 3.5% to
A$1.370
** Mineral explorer announces A$220 mln ($141.3 mln)
placement to accelerate re-commencement of operations at
Dalgaranga gold project
** Offer price of A$1.32 represents 7% discount to last
close
** Stock posts biggest intraday pct fall since Nov. 26
** SPR up 174.8% this year, as of last close
($1 = A$1.5567)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))
Recent news on Spartan Resources
See all newsBrief: Ramelius Resources Obtains ASIC Consent To Withdraw Takeover Bid To Buy All Shares In Spartan
Brief: Spartan Resources Says Court Approves Scheme For Ramelius Resources To Acquire Co Shares
Brief: Spartan Resources Says Resolution To Approve Scheme In Relation To Proposed Acquisition By Ramelius Resources Passed
Brief: Spartan Resources Says Scheme Passed By Requisite Majorities Of Spartan Shareholders
Australian gold stocks drop 2% on profit taking after Tuesday's rally