BUZZ-Australia's <a href="https://laohu8.com/S/GDM.AU">Great Divide Mining</a> slips on discounted placement** Shares of Australia's Great Divide Mining GDM.AX fall as much as 4.8% to A$0.4, post their biggest intraday pct drop since January 29
** Gold-antimony miner receives firm commitments to raise A$2.5 million ($1.75 million) ($2.50 million) via a placement at $0.32 per new share
** Placement price represents a 23.8% discount to stock's last close
** Co says proceeds will be used to progress development at the Challenger Gold Mine and for general working capital purposes
** GDM up 38.3% YTD
($1 = 1.4300 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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