Australia's Little Green Pharma falls on discounted placement

Little Green Pharma

01/11/2022 23:46

** Shares of Australia's Little Green Pharma  LGP.AX  fall
as much as 8.3% to A$0.22, their lowest since June 30
    ** The cannabis firm announces that it has received firm
commitments for A$4 million ($2.56 million) placement and a
launch of A$2mln share purchase plan  urn:newsml:reuters.com:*:nASXbQ7pdC
    ** Says placement and share purchase plan at an offer price
of A$0.20 per ordinary share, which is at a discount of 16.7% to
co's last close
    ** Stock posts its biggest intraday pct fall since Oct 10
    ** Stock has fallen 59.7% this year as of last close
($1 = 1.5645 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))