Australia's Titan Minerals falls most in nearly 2 months on discounted placement

Titan Minerals

07/08/2023 03:49

** Shares of Titan Minerals  TTM.AX  fall as much as 15% to
A$0.051, marking their biggest intraday pct drop since June 13
    ** Exploration co says it has received firm commitments for
a placement to raise A$5.5 mln ($3.62 mln) at A$0.05 per share
    ** Issue price represents a 16.7% discount to stock's last
closing price of A$0.060 on Aug. 2
    ** Stock hits its lowest since July 4 
    ** Stock had fallen 10.5% this year, as of last close


($1 = 1.5181 Australian dollars)

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