BUZZ-Australia's Rox Resources tumbles on discounted placement

Reuters

2024/11/13

** Rox Resources falls 11.8% to A$0.15; set for worst trading session since late April

** Diversified miner gets firm commitments to raise A$27 mln ($17.6 mln) via placement of new shares

** Issue price of A$0.14 a 17.6% discount to stock's last close

** Co says funds will be used to advance studies at its Youanmi gold project in Western Australia

** Stock hits lowest since Oct. 18

** RXL down 18.4% YTD

($1 = A$1.5335)

(Reporting by Nikita Maria Jino in Bengaluru)

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

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