BUZZ-Australia's State Gas soars after issuing convertible notes at premium
Reuters
Dec 08
BUZZ-Australia's State Gas 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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