BUZZ-Australia's Trigg Minerals hits 3-week low on discounted placement

Reuters
2024-10-16

** Shares of Trigg Minerals fall as much as 8.3% to A$0.028, their lowest levels in three weeks

** The mineral explorer receives commitments to raise A$2.5 mln ($1.67 mln) through the issue of 100 mln shares

** Issue price of A$0.025 at a discount of 16.7% to stock's last closing price

** Says proceeds will be used for advancement of Achilles Antimony, Taylors-Arm and Spartan Antimony project, among others

** Stock up 185% YTD, including current session's moves

($1 = 1.4934 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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