Australia's S2 Resources rises on Finnish unit sale to Canada's Outback Goldfields

S2 Resources

04/03/2024 24:44

** Shares of S2 Resources  S2R.AX  rise as much as 7.7% to
A$0.140, their biggest intraday percentage gain since Feb 20
    ** The mineral explorer signs letter of intent to sell its
Finnish unit to Canada's Outback Goldfields  OZ.V  for C$7 mln 
($5.17 mln)
    ** Co says it will emerge with about 35-45% shareholding in
Outback, post deal
    ** S2 Resources stock down 21.2% YTD, based on last close

    ($1 = 1.3549 Canadian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))