Australia's Voltaic Strategic Resources falls on discounted placement

Voltaic Strategic Resources

12/05/2023 06:31

** Shares of Voltaic Strategic Resources Ltd  VSR.AX  fall
as much as 7.8% to A$0.059
    ** Co receives firm commitments for A$7.2 mln ($4.9 mln)
placement at an issue price of A$0.05 per share
    ** Placement is at a discount of 21.9% to stock's last close
    ** Stock set for worst day since May 2,if losses hold
    ** About 85.3 mln shares change hand at 0515 GMT compared to
30-day average trading volume of 10.7 mln shares
    ** Stock up 172.3% YTD as of last close

($1 = 1.4743 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))