Australia's Odin Metals gains on deal to buy Grasmere copper deposit

G11 Resources

06/04/2021 04:49

** Shares of Odin Metals Ltd  ODM.AX  rise as much as 16.7%
to A$0.035, marking their biggest intraday percentage gain since
March 22
    ** The mineral explorer executes a binding purchase
agreement to buy Grasmere copper deposit in western New South
Wales from Ausmon Resources Ltd  AOA.AX   urn:newsml:reuters.com:*:nASN0011CN
    ** Co says consideration for proposed acquisition comprises
issue of 15 mln fully paid ordinary shares of Odin to Ausmon 
    ** ODM hits its highest since March 22
    ** Stock up 20% this year, as of last close


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))