Australia's Botala Energy slips to 3-month low on discounted placement
Today 03:22
BUZZ-Australia's Botala Energy slips to 3-month low on discounted placement ** Shares of Australia's Botala Energy BTE.AX decline as much as 8.1% to A$0.045, their lowest level since July 21
** The coal bed methane (CBM) developer discloses placement of A$1.35 million ($947,295) at A$0.045 per share, an 8.2% discount to last close on October 20
** Company resumes trade after trading halt
** Adds proceeds will be used to advance the Pitse pilot program under company's Serowe CBM project in Botswana, others
** BTE stock down 15.1% so far this week, extending losses to a second consecutive week
** YTD, stock down 25%, including session's moves
($1 = 1.4251 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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