Australia's Tymlez jumps most in nearly four months on premium placement

Noviqtech

14/11/2022 24:24

** Shares of Tymlez Group  TYM.AX  soar as 27.8% to A$0.023,
seeing their best day since July 20 - if gains hold 
    ** The blockchain platform provider says it has entered into
binding subscriptions to raise A$2 million ($1.34 million) via
placement  urn:newsml:reuters.com:*:nFWN32900L
    ** Says capital will be used to pursue client contracts and
development of co's technology  
    ** Adds issue price of A$0.02 per share is at an 11.1%
premium to the last closing price on Nov 7 
    ** Shares hit highest since Oct 27 
    ** Stock has fallen ~45.5% this year as of last close
($1 = 1.4932 Australian dollars)
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))