BOD Australia falls on placement commitments, entitlement offer

Truscreen

01/09/2022 02:36

** Shares of BOD Australia  BOD.AX  fall as much as 7.2% to
A$0.09, their lowest since July 26
    ** The cannabis centric healthcare company secures firm
commitments for a placement to raise A$1.5 million ($1.02
million) at an offer price of A$0.08 per share urn:newsml:reuters.com:*:nASX6XysJB
    ** Co says will also conduct a non-renouncable entitlement
offer to existing shareholders on a 4:17 basis
    ** Adds entitlement offer will raise upto A$2 mln and will
result in issue of up to 24.9 mln shares at the Offer price
    ** Stock posts its biggest intraday pct gain since Aug. 18
    ** More than 683,000 shares change hands, vs the 30-day
average volume of 130,895 shares
    ** Stock has risen fallen 59.6% this year, as of last close

($1 = 1.4665 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))