Australia's Titan Minerals slumps to record low on discounted capital raise

Titan Minerals

01/12/2023 04:24

** Shares of Titan Minerals  TTM.AX  fall as much as 15.2%
to a record low of A$0.028
    ** Minerals explorer says it has raised A$4.1 mln ($2.71
mln)
    ** Adds offer price of A$0.03 is a 9.1% discount to stock's
previous closing price of A$0.033
    ** Stock posts biggest intraday pct fall since June. 13
    ** TTM on track for worst week since Sept. 22 with 14% fall
so far this week
    ** Stock down over 50% YTD as of last close

($1 = 1.5129 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))