BUZZ-Australia's Battery Age Minerals hits record low on discounted placement

Reuters
02-04
BUZZ-Australia's Battery Age Minerals hits record low on discounted placement

** Shares of Battery Age Minerals BM8.AX fall 17.5% to A$0.08

** Stock hit its record low level

** Lithium miner receives commitments to raise A$1.5 million via placement

** Issue price of A$0.082 per share represents a discount of 15.5% to stock's last close on Jan. 30

** BM8 says proceeds from placement will be primarily used to advance co's recently acquired El Aguila in Argentina

** About 2.2 million shares change hands, 13.8 times the 30-day average of shares

** Stock down 7.6% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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