Australia's Amaero falls on discounted placement

Amaero

11/02/2025 24:58

** Shares of Amaero International  3DA.AX  fall as much as
6% to A$0.315, their lowest level since January 29
    ** Titanium powder producer completes A$22 million ($13.79
million) placement at a price of A$0.30 per share
    ** Issue price represents a discount of 10.4% to stock's
last closing price
    ** Stock has risen 30% YTD, including current session's
moves 

($1 = 1.5954 Australian dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))