Auric Mining soars on funding for Lindsay's project acquisition

Auric Mining

23/05/2025 06:28

** Australia's Auric Mining Ltd AWJ.AX rises as much as 18.3% to A$0.225, marking its biggest intra-day percentage gain since March 14

** Gold miner plans to raise A$6.7 million ($4.31 million) via placement of 37 million shares

** Says placement at an issue price of A$0.18 apiece, a discount of 5% to AWJ's last close on May 20

** Says funds to be used for the purchase of Burbanks Gold facility and Lindsay's project in Western Australia

** Share rise 10.53% to A$0.21 as at 0521 GMT

** AWJ falls 39.71% so far this year, including the sessions' losses

($1 = 1.5545 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.Singhchundawat@thomsonreuters.com;))