BUZZ-Australia's Anson Resources hits 7-month low on discounted placement

Reuters
20 Sep 2024

Sept 20 (Reuters) - ** Shares of Anson Resources

fall as much as 11.4% to A$0.078, their lowest since mid-February

** Shares post biggest pct loss since July 31

** Mineral explorer receives binding commitments to raise A$5 mln ($3.40 mln) through a placement

** Issue price of A$0.08 at a 9.1% discount to close on Sep. 17

** Says funds will be primarily used for engineering work at Green River Lithium Project in the U.S.

** About 6 mln shares traded, about 3.6x the 30-day avg of 1.7 mln shares

** Stock down 43.6% YTD as at 0218 GMT

($1 = 1.4697 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

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

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