Australia's Golden Rim Resources jumps on raising stake in Kada gold project
14/04/2022 04:04
** Shares of Golden Rim Resources GMR.AX rise as much as
2.5% to A$0.081, their highest since March 17, extending gains
for a second session
** The gold explorer says it has bought an additional 26%
stake in the Kada gold project in Guinea, West Africa
urn:newsml:reuters.com:*:nFWN2WB12I
** Says that co's interest in Kada is now 51%
** Adds that co and its JV partner have elected to withdraw
from agreements for two additional permits originally announced
on 27 Jan 2021
** Stock has fallen 43.6% this year as of last close
($1 = 1.3405 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))