Australia's Leigh Creek Energy hits over two-week low on discounted share purchase plan

Neurizer

11/01/2022 03:02

** Shares of Leigh Creek Energy Ltd  LCK.AX  fall as much as
6.25% to A$0.150, their lowest since Dec. 24
    ** Coal-focussed energy co aims to raise about A$5 mln 
($3.59 mln) under a share purchase plan
    ** Issue price of A$0.15 per share represents a discount of
6.25% discount to Monday's closing price
    ** Co says funds raised will be used to accelerate
development at its flagship Leigh Creek Urea Project, among
others
    ** Stock fell 5.9% in 2021
($1 = 1.3918 Australian dollars)

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