BUZZ-Australia's Winsome Resources at more than 2-year low on discounted placement

Reuters

02-17

BUZZ-Australia's Winsome Resources at more than 2-year low on discounted placement

** Winsome Resources WR1.AX plunges as much as 27.1% to A$0.310, lowest since September 2022

** Lithium miner secures A$7.8 mln ($4.96 mln) placement at issue price of A$0.36, a 15.3% discount to last close

** Funds will be used to develop co's Adina Lithium Project in Quebec

** Stock down 25.3% YTD

($1 = A$1.5738)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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