BUZZ-Australia's Unico Silver slips on discounted placement

Reuters

2024/11/06

** Shares of Unico Silver fall 11.3% to A$0.275, set for worst session since Aug. 5 - if current losses hold

** Silver explorer receives firm commitments to raise A$22.5 mln ($14.93 mln) via placement

** Issue price of A$0.27 per share represents a 12.9% discount to stock's last close

** Co says funds will be used to accelerate exploration at its Cerro Leon and Joaquin projects in Argentina

** Stock hits lowest level since Oct. 18

** USL has more than doubled in value so far this year

($1 = 1.5069 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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