BUZZ-Australia's State Gas soars after issuing convertible notes at premium

Reuters

12/08

BUZZ-Australia's <a href="https://laohu8.com/S/GAS.AU">State Gas</a> soars after issuing convertible notes at premium

** State Gas GAS.AX soars as much as 16.7% to A$0.035, highest since November 26

** Co raises A$3.2 mln ($2.1 mln) by issuing unsecured convertible notes

** Notes issued at 33% premium to closing price on December 3; trading halted from December 4

** YTD, GAS falls 10.3%

($1 = A$1.5056)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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