Australia's Apollo Minerals gains on acquisition plans for Serbia project

Apollo Minerals

29/08/2023 05:12

** Shares of Apollo Minerals Ltd  AON.AX  rise as much as
46.4% to A$0.041, highest level since April 18
    ** The mineral explorer to acquire Belgrade copper project
in Serbia
    ** Co says project is highly prospective for copper-silver
mineralisation
    ** Adds, deal consideration includes 30 mln fully paid
ordinary shares of Apollo Minerals, among others
    ** Stock currently up 17.9%; shares down 44% this year, as
of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))