Australia's Asara Resources gains on premium placement

Asara Resources

17/09/2024 01:58

** Shares of Australia's Asara Resources  AS1.AX  rise as
much as 9.1% to A$0.012
    ** Stock on track to record its second straight session of
gains, if trend holds
    ** The gold explorer raises A$1.417 mln ($955,483.10) via
placement at issue price of A$0.012 per share
    ** Issue price represents a premium of 9.1% to stock's last
closing
    ** Proceeds of placement to be applied towards initial
baseline study work, exploration activities - AS1
    ** Stock has risen 20% this year as of 0055 GMT


($1 = 1.4830 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))