Australia's Cannindah Resources soars as company retires all debt
16/04/2021 06:29
** Shares of Cannindah Resources CAE.AX soar as much as
9.8% to A$0.056, their highest since March 24
** Copper and gold explorer says meeting to approve issue of
190 million fully paid ordinary CAE shares in final satisfaction
of loan provided by Aquis Finance has been held urn:newsml:reuters.com:*:nASX7Dzk0T
** Says the resolution for issue of shares has received
overwhelming support from shareholders
** "Now debt free and with A$2 mln($1.55 mln)in bank, co is
poised to further exploration activities at its exciting Mt
Cannindah copper gold project and Piccadilly gold project in
Queensland" -Executive Chairman Tom Pickett
** Stock set to post its second consecutive session of gains
** Stock has risen 64.5% this year, as of last close
($1 = 1.2920 Australian dollars)
(Reporting by Vasudha Kaukuntla in Bengaluru)
((Vasudha.Kaukuntla@thomsonreuters.com))