Australia's Battery Minerals slides most in a month on discounted placement

Waratah Minerals

14/04/2023 03:29

** Shares of Battery Minerals  BAT.AX  slide as much as 20%
to A$0.004, their worst intraday loss since March 14 
    ** Battery metals explorer says it got commitments from
investors to raise A$1.5 million in a placement at A$0.0038 per
share 
    ** Issue price of A$0.0038 is a 24% discount to the shares'
last closing price of A$0.005
    ** Plans to use placement funds towards gold exploration at
its Stavely-Stawell project in western Victoria, among others
    ** BAT will also undertake a 1 for 30 share consolidation 
    ** Stock hits lowest level since April 3 
    ** As of last close, BAT up 25% YTD 
    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))