BUZZ-Australia's Rumble Resources slides most since July on discounted placement

Reuters
01 Nov 2024

** Rumble Resources slides as much as 15.2% to A$0.048, its biggest intraday pct loss since July 16

** Miner gets commitments to raise A$7 mln ($4.6 mln) via placement of 157.4 mln new shares

** Issue price of A$0.045 is a ~20% discount to last close

** Co says funds will be used for gold exploration in Western Australia and other places

** Stock hits its lowest since Oct. 14

** Over 3.9 mln shares traded, 3.6x the 30-day avg

** RTR down 42.9% YTD

($1 = A$1.5202)

(Reporting by Kumar Tanishk in Bengaluru)

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

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