Australia's Corazon Mining rises most in 3 weeks on capital raising

Corazon Mining

15/09/2021 05:11

** Shares of Australia's Corazon Mining Ltd  CZN.AX  rise
5.26% to A$0.04 as co says to raise A$2.6 mln ($1.90 mln)
    ** Stock records largest single-day pct gain since Aug 26 
    ** Says received firm commitments from institutional and
other investors to raise about A$2.6 mln at A$0.032 per share
 urn:newsml:reuters.com:*:nASX9HKXTz 
    ** Capital raised to fund nickel-focused exploration at its
Lynn Lake Project in Canada, due diligence for potential
acquisition of Miriam Nickel Sulphide Project in Western
Australia, among others 
    ** Trading of CZN halted on Monday pending announcement 
    ** Stock hits highest since Sept 3 
    ** About 839,000 shares have changed hands, compared with
the 30-day average of about 291,000 shares 
    ** CZN down 5% so far this year, as of Friday's close 
    

($1 = 1.3656 Australian dollars)

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