Australia's Calima Energy falls on discounted capital raise
09/02/2022 02:19
** Shares of Calima Energy CE1.AX slide as much as 13% to
A$0.20, marking their biggest intraday percentage fall since
Aug. 17, 2021
** Energy production co raises A$20 mln ($14.31 mln) via
placement of 100 mln shares to fulfill investment needs for
various projects urn:newsml:reuters.com:*:nASX3PYX6Z
** Issue price of A$0.20 per share represents a 13% discount
to CE1's last closing price
** New shares represent 19.5% of shares on issue
** Shares hit their lowest since Dec. 24, 2021
** More than 8.5 mln shares change hands, 4.1 times the
30-day average of 2.1 mln shares
** As of last close, stock up 9.5% this year
($1 = 1.3972 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))