Australia's West Cobar Metals hits record low on discounted placement

West Cobar Metals

27/06/2024 02:07

** Shares of West Cobar Metals  WC1.AX  fall as much as 2.8%
to hit a record low of A$0.035
    ** Specialty miner says it will undertake a capital raising
of A$1.34 mln ($890,162.00) at an issue price of A$0.032 per
share
    ** Issue price represents discount of 11.1% to stock's last
close
    ** Stock has fallen 52.6% this year as of last close


($1 = 1.5053 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))