Australia's Gladiator Resources falls on discounted share placement

US1 Critical Minerals

17/01/2022 01:07

** Shares of Gladiator Resources  GLA.AX  fall as much as
2.9% to A$0.033, their lowest since Jan. 6
    ** The gold-focussed mining co says it has received firm
commitments to raise A$1.2 million ($865,080.00) through a share
placement
    ** Co says funds raised to be used for exploration
activities of both the Tanzanian Uranium Projects and co'
existing Victorian gold projects
    ** Issue price of A$0.03 per share is at a 13.3% discount to
the previous closing price, when it last traded on Jan. 12
    ** Stock had more than doubled in 2021 


($1 = 1.3872 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))