Australia's Pacgold jumps on plan to demerge Queensland assets into Manda Resources
03/06/2026 02:02
BUZZ-Australia's Pacgold jumps on plan to demerge Queensland assets into Manda Resources ** Shares of Australia's Pacgold PGO.AX rise as much as 26.5% to A$0.155, post their biggest intraday pct gain since January 27
** Gold miner signs binding term sheet to demerge its North Queensland exploration assets, Alice River and St George, into Manda Resources
** Pacgold says eligible shareholders will receive 1 Manda share per 6.76 Pacgold shares held
** About 2.7 million shares change hands, nearly 2x of 30-day average
** PGO up 64.7% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)