Australia's Antilles Gold falls on discounted share placement

Antilles Gold

29/03/2022 04:05

** Shares of Antilles Gold  AAU.AX  fall as much as 8.2% to
A$0.067, on track for their worst day since Feb 28, if losses
hold
    ** The gold miner raises A$3.3 mln ($2.47 mln) at an issue
price of A$0.065 per share, an 11% discount to its close on
March 24, when the stock last traded before going into a trading
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    ** Says proceeds form placement will be used for the
development of its La Demajagua gold mine in Cuba 
    ** Stock hits lowest since March 8 
    ** Stock down 6.4% this year, as of last close 

    ($1 = 1.3355 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))