Australia's Belararox falls on discounted placement

Vantage Metals

19/06/2023 05:39

** Shares of mineral explorer Belararox  BRX.AX  fall as
much as 21.5% to A$0.310; set for worst day since Nov. 3, if
trend holds
    ** Co says it has undertaken a share placement to raise
A$2.5 mln ($1.71 mln) to fund exploration activities at it's
Australian projects
    ** The issue price of A$0.33 per share is at a 16.5%
discount to co's last close on June 14
    ** BRX stock at its lowest level since May 10
    ** Stock up 46.3% YTD, as of last close
 


($1 = 1.4613 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))