BUZZ-Australia's Sunshine Metals falls on discounted placement
Reuters
Sep 01
BUZZ-Australia's Sunshine Metals falls on discounted placement
** Sunshine Metals SHN.AX falls as much as 6.7% to A$0.014; marks biggest intraday pct fall since August 15
** Gold and copper explorer secures firm commitments for A$5 mln ($3.3 mln) placement at A$0.012/share
** Issue price represents 20% discount to last close
** Funds to be used to complete gold study at Liontown Au in Queensland, others
** Largest shareholder, Lion Selection, invests A$1 mln in co, raising its stake to 9.2%
** YTD, SHN gains 75%
($1 = A$1.5389)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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