Australia's Talonx Resources falls on discounted placement

Talonx Resources

27/03/2026 03:02

** Talonx Resources TXR.AX falls 8.3% to A$0.011; marks largest intraday pct loss since March 19

** Mineral explorer receives firm commitments to raise A$750,000 ($516,900) via placement

** Issue price of A$0.01 represents 16.7% discount to last close

** Funds will be used to fund gold exploration activities at co's Blair North, Viking projects in Western Australia

** Around 1.1 million shares traded vs 30-day average of ~656,000

** YTD, TXR down 18.5%

($1 = A$1.4510)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))