Australia's True North Copper down on discounted placement
17/08/2026 01:41
BUZZ-Australia's True North Copper down on discounted placement ** Shares of Australia's True North Copper TNC.AX fall as much as 12.8% to A$0.375, head for their weakest session since May 11, if losses hold
** Stock hits lowest level since August 5
** Copper explorer receives firm commitments to raise A$18 million ($12.77 million) through share placement
** Issue price A$0.37 per share, a 14% discount to last close on August 12
** Co says funds will be used to maintain momentum at flagship Mt Oxide project and as working capital
** Stock down 20% YTD, including sessions' moves
($1 = 1.4100 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)