Australia's Nickelx eyes worst day in over a month on discounted placement

Strata Minerals

11/10/2022 02:54

** Shares of Australia's Nickelx  NKL.AX  fall as much as
9.1% to A$0.15, set to lose most since Sept. 1
    ** The explorer receives firm commitments to raise A$2.1
million ($1.32 million)  urn:newsml:reuters.com:*:nASX9d33CG
    ** Says placement at an issue price of A$0.15 per share,
which as at a discount of 6.3% from co's previous close
    ** Adds proceeds from placement will be used towards
drilling at the Cosmos South Nickel Project and exploration at
the recently acquired Dalwallinu Nickel-Copper PGE Project 
    ** Stock has risen 37.5% this year, as of last close
($1 = 1.5941 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))