Australia's Ora Banda Mining rises on resolving Riverina dispute

Ora Banda Mining

08/04/2024 04:12

** Shares of Ora Banda Mining  OBM.AX  rise as much as 3.3%
to A$0.315, their highest since Jan 22, 2021
    ** Gold explorer says all claims in connection with the
court dispute between co, Riverina Resources and Greenstone
Resources have resolved 
    ** Co adds court dispute resolved by way of A$3.4 mln ($2.24
mln) cash payment and a A$3.0 million share payment 
    ** Co had launched court proceedings against Riverina
Resources and Greenstone Resources over an agreement between
them in 2007
    ** Stock up ~27% YTD, as of last close 

($1 = 1.5186 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))