BUZZ-Australia's KGL Resources falls on discounted placement
Reuters
Oct 31, 2025
BUZZ-Australia's KGL Resources falls on discounted placement
** Shares of Australia's KGL Resources KGL.AX fall as much as 8.6% to A$0.160, their biggest intraday pct fall since October 22
** Stock is up 3% so far this week
** Diversified miner announces A$11 million ($7.15 million) placement to advance its development activities
** Placement at issue price of A$0.14 per share, representing a discount of 20% to the stock's last close
** Stock has risen nearly 80% this year, as of 0205 GMT
($1 = 1.5389 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
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