Australia's New Age Exploration hits over 3-year high on gold tenement buy

Puranium Energy

29/09/2020 02:29

** Gold explorer's shares  NAE.AX  rise as much as 58.3% to
A$0.019, their highest since May 2, 2017
    ** Co says acquired additional tenement package in the
Central Pilbara gold district of Western Australia from Canada's
Monterey Minerals Inc  MREY.CD   urn:newsml:reuters.com:*:nFWN2GP0OE
    ** Pilbara gold tenements are ready for exploration and are
adjacent to recently secured Quartz Hill gold project, expanding
co's footprint further - co
    ** Says received binding commitments to raise A$2.2
mln($1.56 mln) by placing 273.3 mln shares to fund the
acquisition
    ** Stock posts its biggest intraday percentage gain since
July 30
    ** About 49.7 mln shares change hands, compared with the
30-day average volume of 9.8 mln shares
    ** Stock has risen three-fold in value this year as of last
close


($1 = 1.4110 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))