Australia's Askari Metals rises on investor subscription at premium

Highland Metals

03/01/2025 24:47

** Shares of Askari Metals  AS2.AX  rise as much as 18.2% to
A$0.013, set for best session since Oct. 2 - if current gains
hold 
    ** Stock touches highest level since Dec. 18 
    ** Diversified miner says it has raised A$350,000 
($217,140.00) from a single investor at an average price of
A$0.0135 per share  
    ** Average issue price represents a 22.7% premium to stock's
last close 
    ** Co says funds will be used to advance the Tanzanian
uranium portfolio

($1 = 1.6119 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))