Australia's Ardiden hits nearly 27-month high on Lac Gold merger, premium placement

Lac Gold

10/10/2025 01:57

** Ardiden ADV.AX soars as much as 71.1% to A$0.325, highest since July 18, 2023

** Gold explorer announces merger with Canadian bullion firm Lac Gold

** Lac Gold shareholders to get 101.4 mln ADV shares as consideration

** Ardiden raises A$10 mln ($6.6 mln) at A$0.20/share, 5.3% premium to last close, to fund merger

** YTD, ADV surges 137%

($1 = A$1.5242)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))