Berkeley Energia's Australia shares fall as co gets $65 mln claim from Singapore Mining
03/11/2021 24:18
** Shares of ASX-listed Berkeley Energia Ltd BKY.AX slump
over 26.6% to A$0.235, their lowest level since May 2020
** The uranium-focused energy firm says it received a claim
from Singapore Mining Acquisition regarding an investment
agreement and convertible note entered into in 2017 urn:newsml:reuters.com:*:nASX6lx2SS
** Says the claim alleges that the principle amount of $65
mln of the convertible note is immediately payable by Berkeley
** Berkeley disputes the claim raised and says it is seeking
legal advice on the matter
** Stock records its biggest intraday pct drop since July 13
and on track for a fourth straight session of losses
** About 363,000 shares change hands, compared with the
30-day average volume of about 111,000 shares
** Stock down 55.2% this year, as of last close
(Reporting by Savyata Mishra in Bengaluru)
((Savyata.mishra@thomsonreuters.com))