Australia's Tennant Minerals falls on discounted placement

Tennant Minerals

08/04/2024 01:49

** Shares of Tennant Minerals  TMS.AX  fall as much as 7.1%
to A$0.026, set for worst day since March 25, if losses hold
    ** The copper-gold miner says it raised A$4.8 mln ($3.15
mln) to fund key drilling programmes and development studies at
Barkly Project in Northern Territory      
    ** Issue price of A$0.025 per share is at a 10.7% discount
to stock's last close
    ** Stock at lowest level since March 27
    ** TMS stock down 15.2% YTD, as of last close

    ($1 = 1.5237 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))