Australia's Greenwing Resources up on financial restructure to boost mining

Greenwing Resources

24/07/2023 03:43

** Shares of Greenwing Resources  GW1.AX  rise as much as
4.6% to A$0.23
    **Stock set for best day since July 13, if gains hold
    ** Co says its financial restructure will help it emerge
with no secured debt and A$9.5 mln ($6.4 mln) in cash to
continue lithium mining projects in Argentina and Madagascar
    ** Co gets additional A$1 mln debt facility from its
chairman 
    ** Stock down 20% this year, as of last close



($1 = 1.4865 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))