BUZZ-Australia's Krakatoa falls on discounted placement
Reuters
Sep 12, 2025
BUZZ-Australia's Krakatoa falls on discounted placement
** Krakatoa Resources KTA.AX slips 15.4% to A$0.011; set for worst session since July 18
** Mineral explorer to raise A$3.1 mln ($2.1 mln) at A$0.0105/share
** Issue price represents more than 19% discount to last close
** Funds to be used for maiden drilling programme at Zopkhito Antimony-Gold Project in Georgia
** More than 45.8 mln shares traded, 1.2x the 30-day avg
** YTD, KTA gains 22.2%
($1 = A$1.5011)
(Reporting by Ananya Verma in Bengaluru)
((ananya.verma@thomsonreuters.com;))
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