Australia's Epsilon falls most in 2-1/2 months on discounted capital raise

Epsilon Healthcare

02/09/2022 03:44

** Shares of Epsilon Healthcare Ltd  EPN.AX  drop as much as
18.2% to A$0.027, their biggest intraday pct fall since June 15 
    ** The healthcare and pharmaceutical co says it has secured
firm commitments to raise A$1.65 mln ($1.12 mln) via share
placement  urn:newsml:reuters.com:*:nASXbnLYwG 
    ** Says funds raised will be used to further expand activity
at its domestic medicinal cannabis operations and customer base
at co's Southport facility 
    ** Placement is being completed at A$0.0275 per share, at a
discount of 16.7% to the stock's last close since Aug 30
    ** Shares hit their lowest level since July 1
    ** Epsilon stock down ~53.5% YTD, as of last close 

    ($1 = 1.4734 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))