Australia's Flynn Gold jumps on buying Firetower And Warrentinna Projects

Flynn Gold

05/06/2023 04:12

** Shares of Flynn Gold Ltd  FG1.AX  jump as much as 12.9%
to A$0.079, hitting their highest level since May 17
    ** Shares post their biggest intraday pct jump since May 29
    ** The mineral explorer says it has exercised its option to
purchase 100% interest in Firetower and Warrentinna Projects in
northern Tasmania
    ** Says initial consideration for the purchase from
Greatland Gold is 2 mln ordinary shares at deemed price of
A$0.10 per share
    ** FG1 stock down 30% YTD, as of last close 

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