Australia's Lithium Plus Minerals up on placement to advance lithium project

Lithium Plus Minerals

06/11/2023 24:03

** Shares of Lithium Plus Minerals Ltd  LPM.AX  rise as much
as 14.6% to A$0.550, their highest level since Oct. 9
    ** Lithium co receives firm commitments for A$8.0 mln ($5.21
mln) equity placement
    ** Says funds will be used to accelerate ongoing exploration
activities at co's Bynoe Lithium project in Northern Territory 
    ** Issue price of A$0.40 per share is a 16.7% discount to
stock's last close 
    ** Co sees biggest intraday jump since Oct. 27 
    ** LPM up ~30% YTD as of last close 
   


($1 = 1.5352 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))