Bounty Oil and Gas falls most in a month on discounted share placement

Bounty Oil and Gas NL

12/01/2024 01:39

** Shares of Australia's Bounty Oil and Gas NL  BUY.AX  fall
as much as 18.2% to A$0.009, their biggest intraday loss since
Dec. 6, 2023
    ** Stock at its lowest level since Dec. 22, 2023
    ** Oil and gas explorer says received commitments to raise
A$1.15 mln ($769,925.00) via share placement at issue price of
A$0.009 per share
    ** Issue price represents a discount of 18.2% to stock's
last closing
    ** Issue of 128 mln shares represent 0.13% of co's free
float of 965.9 mln shares - LSEG data
    ** Stock rose 66.7% in 2023


($1 = 1.4937 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))