Australia's Caprice Resources jumps on acquisition of prospective project

Caprice Resources

09/05/2024 05:45

** Shares of Caprice Resources  CRS.AX  up 50% at A$0.03;
their highest level since Aug. 28, 2023 
    ** Stock set for their best day since Oct. 26, if gains hold
    ** CRS heads for third consecutive session of gains
    ** Gold and base metal explorer says to acquire 90% of
Bantam Project consisting of four tenements (one granted, three
applications) in Western Australia 
    ** Says the project is highly prospective for niobium, rare
earths and iron-oxide-copper-gold mineral deposits
    ** Adds has received firm commitments to raise A$1.584 mln
($1.04 mln) from institutional, professional and sophisticated
investors at A$0.018 per share
    ** About 20.2 mln shares change hands, compared with the
30-day average volume of 337,408
    ** Stock down about 26% this year, as of last close


($1 = 1.5193 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))