Australia's Warriedar Resources falls on discounted placement

Warriedar Resources

25/03/2024 24:47

** Shares of Warriedar Resources  WA8.AX  fall as much as
14.3% to A$0.042 in their biggest intraday pct drop since Jan.
23 
    ** Stock hits its lowest level since March 11
    ** Gold and copper explorer says secured binding commitments
for a two-tranche placement to raise A$6.0 mln ($3.91 mln) at an
issue price of A$0.038 per share
    ** Placement at a discount of 22.4% to stock's last closing
price
    ** Co says funds to be used to drive resource growth at the
Golden Range Gold Project, Western Australia 
    ** Stock had fallen 7.6% this year, as of last close

($1 = 1.5363 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))