Australia's Felix Gold surges on premium placement

Felix Gold

17/04/2023 04:50

** Shares of Felix Gold  FXG.AX  jump as much as 10.5% to
A$0.105, posting their biggest intraday pct gain since March 9
    ** The gold explorer says it has received commitments to
raise A$2.8 mln ($1.9 mln) via placement
    ** Issue price of A$0.10 per share is at a 5.3% premium to
last close on April 5
    ** Says funds raised to be used for exploration drilling at
co's NW Array gold discovery, among others
    ** Shares hit their highest level since March 17
    ** Stock down 20.8% YTD, as of last close

($1 = 1.4910 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))