Australia's Kingfisher Mining rises on project sale

Kingfisher Mining

04/12/2023 24:50

** Shares of Kingfisher Mining  KFM.AX  rise as much as 5.7%
to A$0.185, their highest since Nov 24
    ** The natural resources explorer says it has executed a
Binding Heads of Agreement with Black Cat Syndicate  BC8.AX  for
sale of its Boolaloo project in Western Australia
    ** Consideration of divestment at 2 mln fully paid ordinary
shares in Black Cat based on a share price of A$0.28 per share
and valued at A$560,000 ($374,136)
    ** Kingfisher stock down 63.2% YTD, as of last close

   ($1 = 1.4968 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))