Australia's Leigh Creek climbs as co secures contractor, funds for project

Sewon E&C Co

01/07/2021 02:22

** Shares of gas producer Leigh Creek Energy Ltd  LCK.AX 
rise as much as 13.3% to A$0.170, their highest since June 22
    ** Co awards contract to South Korea's DL E&C Co  375500.KS 
for development of full commercial stage of Leigh Creek Energy
Project in South Australia  urn:newsml:reuters.com:*:nASN001EAI
    ** Says it has received a letter of support from a major
South Korean bank to provide debt finance for up to 70% of stage
2 project costs 
    ** Stock posts its biggest intraday percentage gain since
June 18
    ** Nearly 6.5 mln shares change hands, vs 30-day average
volume of ~2.3 mln
    ** Stock down 11.8% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))