Australia's Warriedar Resources falls on discounted placement

Warriedar Resources

28/05/2025 02:13

** Shares of Warriedar Resources WA8.AX fall as much as 6.5% to A$0.108, their lowest levels since May 16

** The gold and copper explorer says it received commitments to raise A$17 million ($10.95 million) at A$0.10 per share

** Offer price at a 13% discount to last close on Friday before it went on a trading halt

** Warriedar stock up 150%, YTD

($1 = 1.5523 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))