BUZZ- Nordic Resources set for worst day in six months on discounted placement

Reuters
10/22
BUZZ- Nordic Resources set for worst day in six months on discounted placement 

** Shares of Nordic Resources NNL.AX fall 15% to A$0.225, set for their worst session since April 14, if losses hold

** The nickel-copper miner says it will raise A$8.5 million ($5.52 million) at A$0.22 per share, representing a 17% discount to stock's last close on Tuesday

** YTD, stock up 161.9%

($1 = 1.5389 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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