Australia's Winsome Resources falls on discounted share placement

Winsome Resources

09/10/2023 01:35

** Shares of Australia's Winsome Resources  WR1.AX  fall as
much as 11.7% to A$1.21, hitting lowest since April 27
    ** WR1 eyes worst day since Aug. 28, if current losses hold 
    ** Lithium miner undertakes A$34 million equity raise to
accelerate exploration activities across Canadian Lithium
Projects
    ** Says equity raise for Australian share holders will be
for A$1.22 per share
    ** Issue price for Australian investors is a discount of
10.9% to last close of co       
    ** Stock has risen 11.4% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))