Australia's South Harz Potash falls on discounted placement

Turnstone Resources

01/08/2024 04:10

** Shares of South Harz Potash  SHP.AX  fall as much as
16.7% to A$0.010, set to drop most since June 18 - if current
losses hold
    ** Potash exploration and development co receives
commitments to raise A$1.03 mln ($672,384) at an issue price of
A$0.01 per share
    ** Co says issue price at a 16.7% discount to stock's last
close
    ** Stock down 52% this year, as of last close

($1 = 1.5319 Australian dollars)

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