Australia's Matsa Resources jumps on signing JV with Linden Gold

Matsa Resources

07/10/2022 01:33

** Shares of Australia's Matsa Resources Ltd  MAT.AX  rise
as much as 7.9% to A$0.041, their highest since Sept 19 
    ** The gold explorer says it has entered into a joint
venture with Linden Gold Alliance for development and profit
sharing for its Devon Pit project in Western Australia 
 urn:newsml:reuters.com:*:nGLF2Rsn8J 
    ** Co says will receive upfront prepayment of A$4 mln 
($2.57 mln) cash from Linden for its 50% profit share in Devon
Pit
    ** Matsa stock down 33.3% YTD, as of last close 
    ($1 = 1.5593 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))