Australia's Orexplore Technologies falls on discounted placement

Orexplore Technologies

06/09/2023 02:14

** Shares of Orexplore Technologies  OXT.AX  fall as much as
9.6% to A$0.047, lowest since Aug 16
    ** Resource technology co announces capital raising of
approximately A$4.1 mln ($2.61 mln) through a two-tranche
placement
    ** Offer price of A$0.045 per share represents a 13.5%
discount to stock's last closing price on Sept 1
    ** OXT down for a seventh consecutive session
    ** OXT down 42.2% YTD, as of last close

($1 = 1.5689 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))