BUZZ-Australia's Turaco Gold falls on discounted placement

Reuters

2024/10/18

** Turaco Gold falls as much as 6.9% to A$0.335 in its worst trading session since Oct. 7

** Gold explorer gets firm commitments to raise A$35 mln ($23.4 mln) via a placement

** Issue price of A$0.31 is ~14% discount to last close

** Co says funds will be used to accelerate resource growth and drilling new discoveries in Cote d'Ivoire

** About 2.3 mln shares change hands, 1.5x the 30-day avg

** TCG up 157.4% YTD

($1 = A$1.4916)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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