Australia's Southern Palladium climbs on ASX debut

Southern Palladium

08/06/2022 04:34

** Shares of mineral explorer Southern Palladium  SPD.AX 
rise as much as 30% to A$0.650 on ASX debut; open at A$0.585
    ** Co raises A$19 mln ($13.69 mln) in an initial public
offering at offer price of A$0.50 per share  urn:newsml:reuters.com:*:nASX5snY6q
    ** Co says it is now is well capitalised to accelerate
exploration at its 70%-owned Bengwenyama project in South Africa
    ** Co will also commence trading on the Johannesburg Stock
Exchange, its secondary listing
    ** More than 1.7 mln shares trade hands

($1 = 1.3879 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))