Australia's Canterbury Resources gains on acquisition of Central Queensland project

Canterbury Resources

23/04/2025 02:18

** Shares of Australia's Canterbury Resources CBY.AX rise as much as 9.1% to A$0.024, a peak since April 9

** Stock posts its biggest intraday pct gain since April 3

** Miner signs binding term sheet for acquisition of Molcopnick Pty Ltd, which holds Jack Shay project in Central Queensland

** Under the deal, CBY to offer 5 mln shares in co, with 5 mln free attaching options as purchase price

** Stock largely flat YTD

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))