Australia's Savannah Goldfields falls on discounted placement

Savannah Goldfields

11/05/2023 04:40

** Shares of Australia's Savannah Goldfields Ltd  SVG.AX 
fall as much as 3.1% to A$0.155
    ** Stock hits lowest since and set for worst day since May
3, if current losses hold 
    ** Miner says co has received commitments to raise A$2.7 mln
($1.83 mln) at A$0.15 per share
    ** Offer price is a discount of 6.3% to the last close of co
    ** SVG has fallen 15.8% this year, as of last close

($1 = 1.4743 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))