BUZZ-Australia's Rox Resources slides on discounted capital raise

Reuters04-26

** Shares of Rox Resources drop as much as 20% to A$0.180, set to fall most since July 6, 2023, if trend holds

** The gold explorer announces entitlement offer to raise up to A$7.62 mln ($4.97 mln) to advance Youanmi Gold Project, Western Australia

** Offer price of A$0.165 per share at a 26.7% discount to stock's last close

** Stock at lowest level since April 3

** About 445,327 shares change hands, compared with the 30-day average volume of 385,876

** Stock set for worst week since Jan 19, if losses sustain

** RXL stock up 21.6% YTD, as of last close

($1 = 1.5330 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

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

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