Australia's Admiralty Resources sees best day in near 11 weeks; co secures financing

Admiralty Resources NL

05/08/2019 04:23

** Shares of Admiralty Resources NL  ADY.AX  rise as much as
30% to A$0.013, their highest since July 16
    ** Co secured financing of up to about A$46 mln ($31.2 mln)
from Ning Bo Qiaohui Leasing and Financial for development of
it's Mariposa magnetite iron ore project, Chile  urn:newsml:reuters.com:*:nFWN251003
    ** Stock posts its biggest intra-day percentage gain since
May 21
    ** About 200,000 shares change hands, compared with the
30-day average of 195,349 shares
    ** Co's stock has fallen 28.6 percentage this year as of
last close

($1 = 1.4751 Australian dollars)

 (Reporting by Aman Swami in Bengaluru)
 ((aman.swami@thomsonreuters.com; +918067497198: Aman
Swami|LinkedIn https://www.linkedin.com/in/aman-swami-68842986))