Australia's Unico Silver slips on discounted placement

Unico Silver

18/11/2025 02:34

** Shares of Unico Silver USL.AX fall as much as 24.4% to A$0.51, their biggest intraday pct loss since February 9, 2021

** Stock hits its lowest level since November 5

** The silver developer says firm commitments received to raise A$40 million ($25.96 million) at an issue price of A$0.55 per share

** Offer price at an 18.5% discount to the stock's last close

** Additionally share purchase plan to raise up to A$5 million at the same offer price as the Placement

** Funds to be used for fast-tracked conversion of La Morocha SE and La Negra SE discoveries into Indicated Resources to support the maiden Feasibility Study

** About 7 million shares traded, 1.7x the 30-day average

** YTD, stock up 168%, including current session's move

($1 = 1.5408 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))