Australia's Critical Resources jumps on premium placement

Critical Resources

28/11/2022 24:32

** Shares of Australia's Critical Resources Ltd  CRR.AX 
rise as much as 10.9% to A$0.061, post their best intraday pct
gain since Nov.8 
    ** Mining co says secured funding of A$6.7 mln ($4.50 mln)
at a price of A$0.08 per share 
    ** Offer price is a premium of 45.5% to the last close of
A$0.055
    ** Says funds will be used towards co's Canadian drilling
plans for 2023 at Mavis Lake 
    ** Stock hits highest since Nov. 9
    ** CRR has risen 44.7% this year, as of last close
($1 = 1.4896 Australian dollars)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))