Australia's Ragusa Minerals jumps on acquisitions in WA, Alaska

Ragusa Minerals

05/07/2021 03:40

** Shares of Ragusa Minerals  RAS.AX  soar as much as 29.4%
to A$0.088, their biggest intraday pct gain since Aug. 7, 2017
    ** Gold explorer says it entered separate binding heads of
agreements with Iridium Resources Pty Ltd and Carlo
Puca urn:newsml:reuters.com:*:nASX80Clj7
    ** Says deal with Iridium Resources to buy Monte Cristo Gold
Project in Alaska and deal with Carlo Puca for Burracoppin
Halloysite Project in Western Australia
    ** Says co to conduct a capital raising for A$400,000
(300,576.05) (before costs) to fund initial exploration
activities at both projects 
    ** Stock hits its highest since June 11 
    ** About 19.5 mln shares changed hands compared to 30-day
average volume of ~567,500 shares
    ** Stock has fallen 19.1% this year, as of last close
    
  
($1 = 1.3310 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))