Australia's King Island Scheelite rises on securing credit approved facility

Group 6 Metals

08/11/2021 02:23

** Shares of Australian tungsten producer King Island
Scheelite  KIS.AX  climb as much as 3.57% to A$0.145, biggest
single-day percentage gain since Oct. 18 
    ** Co secures A$10.2 mln ($7.55 mln) credit approved
facility, constituting of an equipment hire purchase facility
 urn:newsml:reuters.com:*:nASX4Fdyf2
    ** Facility will be used to finance co's mobile mining fleet
for its Dolphin Tungsten Project in King Island, Tasmania, co
says 
    ** KIS up 40% this year as of Friday's close 
    



($1 = 1.3517 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))