Australia's Triton Minerals falls most in 3 weeks on discounted share placement

Triton Minerals

27/04/2022 04:54

** Shares of graphite developer Triton Minerals  TON.AX 
fall as much as 11.8% to A$0.03, their biggest loss in about
three weeks
    ** Co to issue 140 mln shares and 140 mln options to raise
A$4.1 mln  ($2.93 mln)  urn:newsml:reuters.com:*:nFWN2WO1JW
    ** Up to 140 mln shares to be issued at A$0.029/share, a
14.7% discount to stock's last close of A$0.034/share 
    ** Funds to be used to develop co's Ancuabe graphite
project, as working capital and to meet general corporate
expenses
    ** Stock posts its biggest intraday pct. fall since April 7
    ** Triton down 5.56% this year, as of last close

($1 = 1.3976 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))