Aussie miner Antilles Gold slumps to record low on discounted placement

Antilles Gold

17/06/2024 03:20

** Shares of Antilles Gold Ltd  AAU.AX  fall as much as
33.3% to their record low of A$0.004
    ** AAU stock marks its worst intraday drop since March 2019
    ** About 22.2 mln shares change hands, vs the 30-day average
of 5.8 mln shares
    ** Co announces non-renounceable entitlement offer to raise
up to A$4 mln ($2.64 mln) at A$0.004 per share
    ** Issue price is a discount of 33.3% to AAU's last close of
A$0.006 on June 14
    ** AAU stock down 74% this year, as of last close

   ($1 = 1.5145 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))