Australia's Bastion Minerals sinks to record low on discounted placement

Vita Resources NL

29/09/2022 04:59

** Shares of Bastion Minerals Ltd  BMO.AX  fall as much as
14.3% to a record low of A$0.078
    ** Co says it raised A$1.5 million ($972,450.00) via share
placement 
    ** Says placement at A$0.079 per share, representing
discount of 13.2% to last close on Sept. 15
    ** Says funds raised to be used to continue exploration on
the co's tenement package in Chile 
    ** Biggest intraday pct loss since May 18
    ** Stock has fallen 62.1% this year, as of last close 
($1 = 1.5425 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))