Australia'S Bluechiip falls on discounted capital raise

Bluechiip

12/06/2024 03:45

** Shares of Bluechiip  BCT.AX  fall as much as 9.1% to
A$0.005, set to lose most since June 5, if current losses hold
    ** The management solutions developer raises A$367,600 
($242,946.84) at issue price of A$0.0044 per share
    ** Co says the issue price is at 20% discount to stock's
last closing price
    ** Stock hits its lowest level since June 5
    ** About 4.2 mln shares change hands, compared with the
30-day average volume of 509,391
    ** Stock has fallen over 63% this year, as of last close

    ($1 = 1.5131 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))