Australia's Black Cat Syndicate rises on issuance of convertible notes

Sundy Service

10/01/2024 24:27

** Shares of Black Cat Syndicate  BC8.AX  rise as much as
4.4% to A$0.24, set for their best day since Dec. 4 - if current
gains hold 
    ** Gold miner issues A$9 mln ($6.02 mln) worth of
convertible notes to Sundy Service Group  9608.HK  at A$1 each 
    ** Adds funds to be used to accelerate the Paulsens project
restart
    ** Stock dropped 29.6% in 2023, falling for the third year
in a row 

($1 = 1.4959 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))