Australia's West Wits Mining falls on discounted placement

West Wits Mining

16/06/2025 03:31

** Shares of West Wits Mining WWI.AX fall 7.4% to A$0.025, their lowest since May 29

** The precious and base metals miner raises A$14 million ($9.07 million) at A$0.022 per share

** Issue price represents a discount of 18.5% to stock's last close

** Stock on track for worst day since March 5

** About 11.1 mln shares change hands, 2.2x the 30-day average of 5.1 mln

** Stock up 78.6% YTD, including moves in current session

($1 = 1.5430 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))