Australia's Azure Minerals rises on Mexican assets sale

Azure Minerals

30/05/2022 02:17

** Shares of mineral explorer Azure Minerals  AZS.AX  rise
as much as 5.8% to A$0.275, set to mark best day since May 20,
if gains hold
    ** Co says it entered into binding, conditional sale
agreements to sell its subsidiary companies that own and operate
its Mexican precious and base metals projects  urn:newsml:reuters.com:*:nASX9k4hJk
    ** Adds that deal for combination of cash and shares valued
at A$20 mln ($14.33 mln)
    ** Transaction allows to focus on developing its flagship
Andover Ni-Cu Project in Western Australia - Co
    ** Stock down 30.7% this year, as of last close


     ($1 = 1.3959 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))