Australia's Golden Deeps jumps on raising funds to fast-track projects
07/04/2022 04:28
** Shares of mineral exploration company Golden Deeps Ltd
GED.AX rise as much as 26% to A$0.029 - the highest since Jan.
24, 2020
** Co completes placement to raise A$7.2 million ($5.39
million)
** Placement through issue of 379.3 million ordinary shares
at A$0.019/share
** Placement at a discount of 17% to Wednesday's close
** Co says funds raised to be used for fast-tracking copper
and vanadium projects in Namibia, central New South Wales
** Stock has risen 91.7% this year, as of last close
($1 = 1.3358 Australian dollars)
(Reporting by Anan Ashraf)
((Anan.Ashraf@thomsonreuters.com))