Australia's Nagambie Resources eyes best day in 3-1/2 months on raising capital at premium
09/12/2022 01:38
** Shares of Nagambie Resources Ltd NAG.AX rise as much as
21.7% to A$0.081, set for best day since Aug 25 if gains hold
** Gold miner undertakes A$0.14 mln ($94,780.00) share
placement
** Co has placed 2.0 mln fully paid ordinary shares at 7.0
AU cents per share with natural resources co Southern Cross Gold
Ltd SXG.AX
** Placement is at a premium of 6.1% to stock's last close
** Shares hit their highest level since Oct 4
** About 2.01 mln shares change hands, compared with the
30-day average trading volume of 204,870 shares
** Shares up 11.9% YTD, as of last close
($1 = 1.4771 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))