Australia's Venture Minerals jumps on oversubscribed share purchase plan

Critica

31/12/2021 03:05

** Shares of mineral explorer Venture Minerals  VMS.AX  rise
as much as 4.7% to A$0.045
    ** Co says its share purchase plan (SPP) was oversubscribed,
with applications for A$6 mln ($4.35 mln) vs A$1.25 mln which it
originally planned to raise  urn:newsml:reuters.com:*:nASX5ZLQXw urn:newsml:reuters.com:*:nFWN2SU13X
    ** Adds that funding now enables exploration at Mount
Lindsay Tin-Tungsten Project in Australia
    ** Stock has fallen 21.8% this year, as of last close



($1 = 1.3784 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))