Australia's Amaero gains on capital raise

Amaero

12/05/2022 04:56

** Shares of the 3D printing co  3DA.AX  advance as much as
14.3% to A$0.24, set to gain most since March 17, 2022
    ** Shares hit their highest since May 5
    ** Co raises A$11 mln ($7.61 mln) via a combination of
placement of new shares for A$8.2 mln and issue of senior
convertible notes for A$2.8 mln  urn:newsml:reuters.com:*:nASX20SFmC
    ** Says issue price of A$0.21 per share for placement,
represents no discount to last traded price as at May 9 
    ** Says proceeds to be used to finalise installation,
commissioning of titanium alloy powder, among others 
    ** More than 323,000 shares change hands, compared with the
30-day average volume of about 271,000 shares 
    ** Stock has fallen 31.2% this year, as of last close 

($1 = 1.4463 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))