Australia's Warriedar Resources slides on discounted placement

Warriedar Resources

13/12/2024 24:34

** Warriedar Resources  WA8.AX  falls as much as 13.6% to
A$0.0561; biggest intraday pct loss since July 19
    ** Gold and copper explorer to raise A$9.5 mln ($6 mln)
through placement of new shares to advance drilling activities
at its Golden Range project in Western Australia
    ** Issue price of A$0.05 represents 15.3% discount to last
close
    ** Stock hits lowest since Nov. 29
    ** Over 2.8 mln shares traded vs the 30-day avg of 2.5 mln
    ** WA8 down 1.9% this year, as of last close

($1 = A$1.5704)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))