Australia's Winsome Resources hits near 3-month low on discounted placement

Winsome Resources

17/06/2024 02:19

** Shares of Winsome Resources  WR1.AX  fall as much as
15.5% to A$0.815, their lowest level since March 27
    ** Stock currently down 13%, faces worst day since Oct. 9,
2023, if current losses hold
    ** Specialty miner says firm commitments received for A$25
mln($16.51 mln) equity raise
    ** Equity raise comprises placement to raise A$11.8 mln at
A$0.85 per share
    ** Issue price of placement represents discount of 11.9% to
co's last day close
    ** Stock has fallen 8.1% this year as of last close

($1 = 1.5147 Australian dollars)

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