New gold explorer Panaegis Gold Mines Ltd debuted on the Australian Stock Exchange at a slight discount after raising $6 million in its initial public offering.
Gold explorer Panaegis Gold Mines Ltd's had a lacklustre arrival on the Australian Stock Exchange, debuting at a discount to its subscription price after raising $6 million for the float.
Shares were issued at 20 cents in the Melbourne-based company's IPO and started trading at 17 cents. They slipped to 14 cents near the market's close.
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