BUZZ-Australia's Amaero falls on discounted placement

Reuters
11 Feb
BUZZ-Australia's Amaero falls on discounted placement

** Shares of Amaero International 3DA.AX fall as much as 6% to A$0.315, their lowest level since January 29

** Titanium powder producer completes A$22 million ($13.79 million) placement at a price of A$0.30 per share

** Issue price represents a discount of 10.4% to stock's last closing price

** Stock has risen 30% YTD, including current session's moves

($1 = 1.5954 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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