Australia's South Harz Potash drops most in over a year on discounted placement

Turnstone Resources

02/08/2023 02:08

** Shares of South Harz Potash Ltd  SHP.AX  fall as much as
18.4% to A$0.031, their biggest intraday pct fall since June 14,
2022
    ** Potash explorer to raise A$2.6 mln ($1.72 mln) via an
equity placement
    ** Issue price of A$0.03 per share is a 21.1% discount to
stock's last close
    ** Co also launches share purchase plan offer raise up to an
additional A$0.5 mln
    ** Stock hits lowest level since July 5
    ** Shares of co down 7.3% YTD as of last close 
   


($1 = 1.5108 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))