Australia's Buru Energy slips on discounted placement

Buru Energy

14/11/2023 02:15

** Shares of Australia's Buru Energy  BRU.AX  fall as much
as 14.8% to A$0.115, lowest level since Oct. 30
    ** Stock posts its biggest intraday pct fall since Nov. 2
    ** Energy co says successful placement share placement of
A$5 mln ($3.19 mln) at issue price of A$0.115 per share
    ** Issue price represents a discount of 14.8% to stock's
last closing
    ** Issue of 43.3 mln shares represent 0.1% of co's free
float of 410.3 mln shares - LSEG data
    ** Stock up 42.1% YTD as of last close

($1 = 1.5679 Australian dollars)

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