Australia's Kalamazoo Resources hits over 1-week low on discounted placement

Kalamazoo Resources

28/07/2023 02:23

** Shares of Kalamazoo Resources Ltd  KZR.AX  fall as much
as 10% to A$0.135, their lowest level since July 17 
    ** Gold and lithium explorer raises A$1.5 mln via placement 
    ** Issue price of A$0.13 per share is at a 13.3% discount to
stock's last close 
    ** Stock posts biggest intraday fall since June 26 
    ** Shares of co down 28.6% YTD, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))