Australia's Aurora Labs falls most in about four months on discounted funds raise

Aurora Labs

14/02/2023 01:05

** Shares of Aurora Labs  A3D.AX  dive as much as 14.3% to
A$0.030, their worst day since Oct 24 - if losses hold 
    ** The 3-D metal printing tech co says it has received firm
commitments to raise A$1.35 million ($940,410.00) via placement 
 urn:newsml:reuters.com:*:nFWN34T2YQ
    ** Says funds raised will be used for ramping up co's print
services business, among others 
    ** Adds that it will launch a share purchase plan 
    ** Issue price of 3 AU cents per share is at 14% discount to
the last closing price on Feb 8 
    ** Shares hit one-month low 
    ** Stock has risen 16.7% this year as of last close
($1 = 1.4355 Australian dollars)
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))