Australia's Bannerman Energy slips% on discounted placement

Bannerman Energy

26/06/2025 04:08

Corrects to drop extraneous character in headline

** Bannerman Energy BMN.AX slips as much as 9.6% to A$0.18, lowest since June 17

** Uranium developer gets commitments for A$85 mln ($55.4 mln) placement at A$3.20/share

** Issue price represents ~9% discount to Wednesday's close

** About 1 mln shares traded, slightly above 30-day avg of 939,421

** YTD, BMN gains 21.4%

($1 = A$1.5342)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com))