Australia's Carawine Resources jumps on buyout offer from QGold

Carawine Resources

22/02/2022 02:22

** Shares of mineral explorer Carawine Resources  CWX.AX 
climb as much as 33.3% to A$0.220, mark their biggest intraday
percentage gain since Feb. 24, 2021
    ** Private gold mining co QGold Pty Ltd offers to acquire
all ordinary shares in CWX for 21 Australian cents per
share urn:newsml:reuters.com:*:nASX5JrQD6
    ** Offer price represents a 27.3% premium to stock's last
closing price
    ** CWX shares hit their highest since Nov. 19, 2021
    ** More than 8.2 mln shares change hands, 62.1 times the
30-day average of 133,070 shares
    ** As of last close, stock down 5.7% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))