Australia's Tali Resources drops on discounted placement
07/05/2026 06:39
** Shares of Australia's Tali Resources TR2.AX fall as much as 6.3% to A$0.3 ** Mineral explorer says it will raise A$3 million ($2.17 million) through placement to support West Arunta Project ** Offer price of A$0.265 per share marks a 17.2% discount to firm's last close on May 4, before it went on a trading halt for the placement's announcement ** Stock down 9.1%, YTD ($1 = 1.3799 Australian dollars) (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))