Australia's Ardiden rises on agreement to buy New Patricia in Canada

Lac Gold

15/12/2022 04:57

** Shares of Ardiden Ltd  ADV.AX  rise as much as 20.0% to
A$0.009, their biggest intraday pct gain since Nov. 21
    ** Gold miner says it completed an option agreement with
Exiro Minerals Corp for the New Patricia landholding, located in
an area prospective for gold in Ontario, Canada 
    ** Non-executive chairman Bruce McFadzean says deal gives co
full ownership of the land in a "highly prospective and
underexplored land package" 
    ** Stock has fallen 31.8% this year, as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))