BUZZ-Australia's Warriedar Resources slides on discounted placement

Reuters
2024-12-13
BUZZ-Australia's Warriedar Resources slides on discounted placement

** Warriedar Resources WA8.AX falls as much as 13.6% to A$0.0561; biggest intraday pct loss since July 19

** Gold and copper explorer to raise A$9.5 mln ($6 mln) through placement of new shares to advance drilling activities at its Golden Range project in Western Australia

** Issue price of A$0.05 represents 15.3% discount to last close

** Stock hits lowest since Nov. 29

** Over 2.8 mln shares traded vs the 30-day avg of 2.5 mln

** WA8 down 1.9% this year, as of last close

($1 = A$1.5704)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com;))

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