Australia's Way 2 Vat faces worst day in more than 2 weeks on discounted placement
06/12/2022 23:57
** Shares of Way 2 Vat Ltd W2V.AX fall as much as 17.7% to
A$0.028
** Shares to mark worst day since Nov 21 if losses hold
** Technology co secures A$1.1 mln ($736,230) placement,
before costs, at an issue price of A$0.026 per share
** Placement is at a discount of 23.5% to stock's last close
** Shares of co hit lowest level since Nov 28
** Shares of co had fallen 77.3% this year, as of last close
($1 = 1.4941 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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