BUZZ-Australia's Hillgrove Resources falls on discounted placement** Shares of Australia's Hillgrove Resources HGO.AX fall as much as 9.5% to A$0.038
** The miner secures A$28 million ($18.41 million) placement at an issue price of A$0.035 per share
** Issue price at 16.7% discount to stock's last close
** Proceeds raised will be used to start drilling and development at Emily Star project in South Australia, others - HGO
** About 13.7 million shares change hands, 2.2x the 30-day average volume
** Stock has fallen 26.9% this year, including session losses
($1 = 1.5209 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.