Australia's Alligator Energy falls on discounted placement

Alligator Energy

23/06/2025 02:29

** Shares of Alligator Energy AGE.AX fall 22.5% to A$0.031, set for their worst day since May 5, 2020, if current losses hold

** The uranium miner receives commitments to raise A$17.2 million ($11.07 million) at issue price of A$0.031

** Co says issue price is at a 22% discount to stock's last close

** Stock up 17% this year, including the day's move

($1 = 1.5533 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))