Australia's AML3D slumps to nearly two-week low on discounted placement
14/07/2022 01:54
** Shares of AML3D AL3.AX slump as much as 16.3% to
A$0.067, their lowest level since July 4
** The 3D metal printing co says it has raised A$2.68 mln
($1.81 mln) via a share placement urn:newsml:reuters.com:*:nFWN2YU2X3
** Co says funds raised will be used to accelerate growth
initiatives, following recent contract wins from Boeing and
Exxon Mobil, among others
** Issue price of A$0.0714 per share is at a 10.7% discount
to the last closing price on July 11, before it went on a
trading halt
** Shares set to mark worst day since July 6, if losses hold
** AML3D stock down 42.9% this year, as of last close
($1 = 1.4837 Australian dollars)