Australia's First Au gains, ALG Media to assist co on raising funds

First Au

08/04/2022 03:12

** Shares of First Au Ltd  FAU.AX  rise as much as 13.3% to
A$0.017 
    ** Precious and base metals explorer says it entered into
agreement with ALG Media Inc to market co to U.S.-based
investors, institutions, and investment banks  urn:newsml:reuters.com:*:nASX718PZg
    ** Says ALG CEO Alan Gaines brings financial and industry
experience, adds his advice will support co's future prospects
    ** Agreement for an initial term of six months; FAU will pay
ALG $5,000 per month
    ** Stock had risen 50% this year, as of last close

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