BUZZ-Australia's Castile Resources hits near 7-week low on discounted placement
Reuters
9 hours ago
BUZZ-Australia's Castile Resources hits near 7-week low on discounted placement
** Shares of Castile Resources CST.AX fall as much as 11.5% to A$0.115, its lowest level since December 24
** Diversified miner announces A$8.4 million ($5.95 million) placement at an issue price of A$0.11 per share
** Issue price at a discount of 15.4% to the stock's last closing
** Funds from placement to help fast-track and complete the Rover 1 bankable feasibility study, among others - co
** Stock has fallen 4% this year, including session's moves
($1 = 1.4106 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
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