BUZZ-Australia's Iondrive hits near 3-week high on $2.6 million share placement ** Shares of Iondrive ION.AX rise 6.8% to A$0.047, posting their biggest intraday pct gain since November 5
** Stock hits its highest level since November 17
** Battery recycling company says firm commitments received to raise A$4 million ($2.58 million) via placement
** Issue price of A$0.044 per share same as stock's last close
** Funds to be used for commercialisation of e-waste recycling in the U.S.
** YTD, stock up 56.7%, including current session's move
($1 = 1.5475 Australian dollars)
(Reporting by Ananya Verma in Bengaluru)
((ananya.verma@thomsonreuters.com;))
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