Australia's Corazon Mining jumps on nickel project acquisition progress

Corazon Mining

15/10/2021 03:06

** Shares of Australia's Corazon Mining Ltd  CZN.AX  climb
as much as 13.51% to A$0.042  
    ** Stock set for biggest single-day percentage rise since
July 1 
    ** Corazon says it has exercised its option to acquire the
Miriam Nickel Sulphide Project in Western Australia  urn:newsml:reuters.com:*:nASX93j64T
    ** Co has completed its due diligence process, made the
first stage consideration payment of A$125,000 to the vendors   
    ** Co had said on July 26 it entered into an option to buy
the project from Limelight Industries Pty Ltd
    ** Stock hits highest level since Aug. 26 
    ** About 2.4 mln shares have been traded, compared with the
30-day average of about 679,000 shares 
    ** CZN down 7.50% this year, as of Thursday's close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))