Australia's Beacon Minerals rises on executing agreement with Geko Pit

Beacon Minerals

02/12/2022 24:44

** Shares of Australia's Beacon Minerals Ltd  BCN.AX  rise
as much as 7.7% to A$0.028, marking best day since Nov.18, if
gains hold 
    ** Gold explorer says Co and Beacon Mining have executed a
binding tenement sale agreement with Geko Pit Pty Ltd 
    ** Adds under agreement Beacon will acquire Geko tenements
for A$7.8 mln ($5.30 mln)
    ** Adds tenements are located in the eastern goldfields of
Western Australia
    ** Stock has fallen 21.2% this year as of last close
($1 = 1.4710 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))