CAPITAL MARKETS

Discount debut for Paringa

SILVER Lake Resources-backed Paringa Resources has had a soft start to listed life on the Australian Securities Exchange this afternoon, closing at a 10% discount.

Kristie Batten
Discount debut for Paringa

At one point, shares traded on par with the A30c issue price but ultimately closed at 27c on volume of less than 800,000 shares. It comes after a fully subscribed $10 million initial public offering....

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