Australia's Ora Banda Mining rises on securing funding

Ora Banda Mining

21/12/2022 24:04

** Shares of Ora Banda Mining Ltd  OBM.AX  rise as much as
13.2% to A$0.077, set for their best day since Nov. 14, if gains
hold 
    ** Gold miner secures A$12.74 mln ($8.52 mln) non-dilutive
debt and royalty funding from Hawke's Point 
    ** Says funding to advance resource development and
exploration at co's Riverina underground project in Western
Australia 
    ** Co's shares hit their highest since Dec. 12 
    ** OBM is up 12.3% YTD, as of last close 
($1 = 1.4948 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))