Australia's Wide Open Agriculture climbs on financing deal for projects

Wide Open Agriculture

02/03/2023 24:16

** Shares of Wide Open Agriculture Ltd  WOA.AX  rise as much
as 5.3% to A$0.20, their biggest intraday gain since Feb 14
    ** The plant-based food producer says it secured debt
facilities with National Australia Bank  NAB.AX  for up to A$12
mln ($8.11 mln) to support co's manufacturing of plant-based
beverages in Australia
    ** Says the deal supports WOA's financing capability in time
of market volatility and uncertainty
    ** WOA expects detailed plans to produce oat milk
domestically by the end of this fiscal
    ** YTD, stock is largely flat

    ($1 = 1.4797 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))