BUZZ-Australia's Hot Chili sinks to a month low on discounted placement

Reuters

02/13

BUZZ-Australia's <a href="https://laohu8.com/S/HHLKF">Hot Chili</a> sinks to a month low on discounted placement

** Shares of Australia's Hot Chili HCH.AX fall as much as 13.8% to A$1.465, their lowest level since January 5

** Mineral explorer says it raised A$40 million ($28.33 million) through placement

** Offer price of A$1.65 marks a 2.9% discount, as of co's last close

** Co says placement funds to be used to support co's flagship Costa Fuego gold-copper project in Chile

** Despite moves, stock up 16.6% YTD

($1 = 1.4120 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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