Australia's Amaero International rises on securing credit facility

Amaero

27/12/2023 24:42

** Shares of Amaero International  3DA.AX  rise as much as
8.3% to A$0.26
    ** 3D products manufacturer secures corporate credit
facility of A$7.5 mln ($5.12 mln) from Western Alliance Bancorp
 WAL.N  
    ** Says credit facility will be used to supplement cash
liquidity for funding working capital and capital expenditure
    ** Stock has risen 50% this year, as of last close


($1 = 1.4656 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))