Australia's Burley Minerals jumps on premium placement

Burley Minerals

17/04/2024 02:08

** Shares of Burley Minerals  BUR.AX  rise as much as 27.7%
to A$0.060, set for best day since May 19, 2023, if gains hold  
  
    ** Mineral explorer says it is to raise A$1.8 million 
($1.15 million) to fund maiden Pilbara iron ore drilling
programme
    ** Capital raise at A$0.05 per share, a 6.38% premium to
stock's last close
    ** Stock at highest level since April 10
    ** About 261,155 shares change hands, compared with the
30-day average volume of 109,964
    ** BUR down 71.5% YTD as of last close

($1 = 1.5591 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))