Australia's Cosol rises on new finance facilities with Westpac

Cosol

03/08/2022 03:51

** Shares of Cosol  COS.AX  climb as much as 1.7% to
A$0.610, their highest since May 10 
    ** Stock extend gains for a second day 
    ** The asset management co says it has agreed to new finance
facilities of A$19.5 mln ($13.50 mlon) with Westpac Banking Corp
 WBC.AX   urn:newsml:reuters.com:*:nFWN2ZE4FW
    ** Co says facilities will be partly used to pay down in
full existing facilities with Bankwest and fund the acquisition
of Work Management Solutions
    ** Stock down 6.3% this year, as of last close

    ($1 = 1.4445 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))