Australia's Strategic Energy Resources hits one-month low on discounted capital raising
29/06/2026 04:30
BUZZ-Australia's Strategic Energy Resources hits one-month low on discounted capital raising ** Shares of Australia's Strategic Energy Resources SER.AX fall as much as 17.2% to A$0.120, their lowest since February 12
** Mineral explorer says it received firm commitments to raise A$1.5 million ($1.03 million) via a placement and share purchase plan
** Co's capital raise is at an issue price of A$0.12 per share, a 17.2% discount to the last closing price before trading in shares was halted
** Proceeds will be used to support the upcoming high-impact diamond drill program at the large-scale Diamantina Copper-Gold Project in Queensland and new project generation - SER
** SER down 7.7% YTD
($1 = 1.4514 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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