Australia's Vertex Minerals set for worst day ever on stock placement plan

Vertex Minerals

29/05/2023 06:04

** Shares of Australia's Vertex Minerals Limited  VTX.AX 
down 21.4% at A$0.110, set for worst day ever
    ** Miner announces a 1 for 3 pro-rata non-renounceable
entitlements offer to raise A$1.7 mln ($1.15 mln) at A$0.10/shr
    ** Offer price is a 28.6% discount to stock's last close
    ** The declines flip VTX from YTD gains of ~12% to YTD
losses of ~12%
 
 ($1 = 1.4743 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))