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Australia's Aquirian climbs as NAB boosts equipment funding capacity by $12 million

By Reuters News51 minutes ago Updated

** Shares of Australia's Aquirian AQN.AX rise as much as 8.3% to A$0.390, marking their biggest intraday pct gain since May 1

** Mining services provider says National Australia Bank NAB.AX has increased its equipment funding facility to A$25 million ($17.53 million) from A$7.75 million

** Co says expanded facility will support fleet and equipment purchases needed to service growth contracts

** Adds co will reduce size of the commercial loan tied to its ammonium nitrate emulsion facility in Western Australia by A$3.1 million, to a balance of A$6 million, as part of the revised arrangements

** More than 296,000 shares change hands, nearly 3x the 30-day average

** Stock down 12.5% YTD, including session's moves

($1 = 1.4259 Australian dollars)

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