Australia's IGO eyes worst session in nearly 3 weeks on increasing shareholding in Buxton

Buxton Resources

22/08/2022 06:18

** Shares of mining and exploration co IGO Ltd  IGO.AX  down
as much as 3.32% at A$11.93, while Buxton Resources  BUX.AX 
shares rise as much as 10.5% to A$0.105
    ** IGO shares eyeing their worst session since Aug. 2; hit
their lowest levels since Aug. 12
    ** Base metals explorer Buxton  BUX.AX  says IGO to increase
its shareholding in co from the present 15.08%  urn:newsml:reuters.com:*:nASXJMGlL
    ** IGO and Buxton enter into three transactions pertaining
to Merlin project joint venture, Narryer project and Copper Wolf
project- BUX
    ** IGO to acquire further 29% for A$1 mln in Merlin project
joint venture, to increase its voting power in Narryer buying
shares worth A$1 mln and enter earn-in and joint venture
agreement for Copper Wolf Project in Arizona paying A$215,000
    ** IGO up ~7.6% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))