BUZZ-Australia's Spartan Resources slides on discounted placement

Reuters
2024-12-05
BUZZ-Australia's Spartan Resources slides on discounted placement

** Spartan Resources SPR.AX falls as much as 3.5% to A$1.370

** Mineral explorer announces A$220 mln ($141.3 mln) placement to accelerate re-commencement of operations at Dalgaranga gold project

** Offer price of A$1.32 represents 7% discount to last close

** Stock posts biggest intraday pct fall since Nov. 26

** SPR up 174.8% this year, as of last close

($1 = A$1.5567)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com;))

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