ASX-listed Benz Mining hits near three-month high on capital raise at premium

Benz Mining

06/09/2022 02:41

** ASX-listed shares of Benz Mining Corp  BNZ.AX  jump as
much as 9.1% to A$0.600, their highest since June 10 
    ** The copper explorer says it has received firm commitments
to raise approximately C$11.9 million ($9.08 million) via an
offer of ordinary Chess Depository Interest (CDIs)  urn:newsml:reuters.com:*:nFWN30C0AR
    ** Says capital raised to be fund exploration on co's Upper
Eastmain Projects in Quebec by Dec 31, 2023, among others 
    ** Offer price of about C$0.73 per share is at a 65% premium
to co's last traded share price on Sept 1 
    ** Shares see best session since Aug 11 - if gains hold
    ** Stock has fallen ~15.4% this year as of last close


($1 = 1.3104 Canadian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))