Osteopore sees worst day ever after discounted placement

Osteopore

22/12/2022 24:44

** Shares of Osteopore Ltd  OSX.AX  fall as much as 37.5% to
A$0.125, set for their worst day ever, if losses hold 
    ** Medical technology company receives binding commitments
from sophisticated and existing investors for a total A$1 mln
($670,700.00) placement at A$0.15 per share
    ** Placement is at a discount of 25% to stock's last close 
    ** Co's shares hits lowest since Jan. 7 
    ** Shares are down 11.1% YTD as of last close 
($1 = 1.4910 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))