Australia's Aguia Resources rises on raising funds for acquisition
12/04/2024 04:42
** Shares of Aguia Resources AGR.AX rise as much as 10% to
A$0.022, highest since March 18
** Multi-commodity co completes placement to raise A$1.37
mln ($895,021)
* Co says funds raised will be used for proposed takeover of
Andean Mining
** Adds funds will also be used to buy equipment for gold
processing plant at Andean's 100%-owned Santa Barbara gold mine
in Colombia
** About 1.8 mln shares change hands, compared with the
30-day average volume of 898,522
** Stock on track for best week since the week ended Feb. 23
($1 = 1.5307 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com;))