Australia's Equatorial Resources soars on deal to acquire iron ore project in Guinea

Equatorial Resources

21/04/2023 03:38

** Shares of Equatorial Resources  EQX.AX  climb as much as
51.7% to A$0.220, highest since May 31, 2022 
    ** EQX marks its biggest intraday pct gain since November
2009
    ** Co enters agreement to acquire Nimba Alliance Iron Ore
Project in Guinea, West Africa
    ** Consideration comprises 5 mln shares in co upon
settlement and a further 5 mln deferred shares upon renewal
    ** Trading volumes over 22 times the 30-day average of
100,267 shares

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))