U.S. Gold Corp: Slumps on discounted share offering

US Gold

28/01/2021 16:15

** Gold exploration and development co's  USAU.O  shares
drop 13.8% to $11.34
    ** Co announces direct offering of 914,136 shares of common
stock priced at $10.54/share to raise gross proceeds of ~$9.6
mln   urn:newsml:reuters.com:*:nPnDJvJwa
    ** Offer represents a discount of 20% to stock's last close
    ** Shares on offer represent 15.87% of company's outstanding
shares
    ** Offer is expected to close on Jan. 29
    ** USAU shares up 61% this year, as of last close 

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))