Australia's Mont Royal Resources slumps most in 15 months after Northern Lights deal
03/09/2021 03:45
** Miner's shares MRZ.AX fall 16.7% to A$0.28
** Mont Royal says will acquire 75% stake in Northern Lights
Minerals, to raise A$4 mln ($2.96 mln) via issue of 20 mln
securities to fund deal urn:newsml:reuters.com:*:nASX8PhMjC
** MRZ records steepest pct drop since May 22 2020
** Trading in company's shares were halted on Aug. 31,
pending the announcement
** About 1.5 mln shares change hands vs 30-day avg of about
98,000 shares
** Stock up 22% so far this year, as of close on Aug. 31
($1 = 1.3504 Australian dollars)
(Reporting by Harshita Swaminathan in Bengaluru)
((Harshita.Swaminathan@thomsonreuters.com))
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