Bindi Metals eyes record gain after acquiring Serbian antimony projects

Bindi Metals

19/09/2024 01:58

** Shares of Australia's Bindi Metals  BIM.AX  rise as much
as 60.3% to A$0.125 on track to record their best day ever, if
gains hold
    ** Stock at its highest level since March 12
    ** Stock currently up 28.2%, as of 0054 GMT
    ** The metal mining exploration co announces acquisition of
Lisa Antimony-Gold Project & Mutnica Antimony-Copper Project in
Serbia
    ** Co also announces placement to raise A$2 mln ($1.35 mln)
at issue price of A$0.08 per share
    ** Issue price represents a premium of 2.5% to stock's last
closing
    ** Funds from placement to be used towards drilling and
exploration at Serbian projects - BIM
    ** Stock has fallen 33.3% this year as of 0054 GMT

($1 = 1.4815 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))