Gold miner Wiluna eyes worst day in over 5 months on discounted placement

Wiluna Mining

22/11/2021 02:52

** Shares of Australia's Wiluna Mining Corporation Ltd
 WMC.AX  fall as much as 5.2% to A$1.09, set for steepest drop
since June 4
    ** Co says it received A$53 mln ($38.4 mln) in two-tranche
share placement at A$1 per share  urn:newsml:reuters.com:*:nASXbCjLw7
    ** Issue price represents 13% discount as of close on
Wednesday, after which shares went into a trading halt
    ** Co says capital raising will help maintain momentum for
its ore reserve development and exploration drilling
    ** Stock hits lowest since Nov. 16
    ** As of last close, stock is down 17.3% this year
    
($1 = 1.3816 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))