Australia's Corazon Mining jumps on new exploration deal for Canadian project

Corazon Mining

18/08/2023 05:54

** Shares of Corazon Mining  CZN.AX  rise as much as 33.3%
to A$0.02, their biggest intraday pct gain since July 13
    ** Stock at highest level since July 17
    ** The mining co says it has signed a new exploration
agreement with the Marcel Colomb First Nation (MFCN) of the Lynn
Lake area in Manitoba, Canada
    ** Agreement for exploration and development activities at
the Lynn Lake Nickel Sulphide Project and, additionally, the
Fraser Lake Project in Canada
    **  MCFN will be issued up to A$75,000 ($48,075.00), with
about 5.3 mln shares at an issue price of $0.014 per share and 1
Corazon option for each share issued
    ** Stock down 28.6% this year, as of last close

    ($1 = 1.5601 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))