Australia's Tesoro Gold falls on discounted placement
18/07/2024 06:52
** Shares of Tesoro Gold TSO.AX fall as much 3.13% to
A$0.031, their lowest level since July 8
** Gold explorer says it has received binding commitments to
raise A$9.7 mln ($6.54 mln)
** Issue price of A$0.03 per share represents a 6.3%
discount to stock's last close on July 15
** Co says funds will be used to advance El Zorro Gold
Project in Chile, among others
** Stock had risen 10.34% this year, as of last close
($1 = 1.4837 Australian dollars)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))