Australia's Metarock Group jumps as operational units ink facility deal

Mastermyne

23/07/2024 03:45

** Shares of Metarock Group Ltd  MYE.AX  rise as much as
5.3% to A$0.200, logging their biggest intraday pct gain since
July 12
    ** Mining services company says its operational units
jointly executed a facility agreement with Scottish Pacific
Business Finance Pty
    ** The deal includes debtor finance facility limit of A$30
million ($19.92 million), with a minimum term of two years
    ** Adds agreement is for ongoing provision of working
capital finance
    ** Stock has risen 52% this year, as of last close



($1 = 1.5063 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))