Australia's Tartana Minerals rises on premium placement

Tartana Minerals

17/07/2026 04:12

** Shares of Australia's Tartana Minerals TAT.AX rise as much as 55% to A$0.031, their biggest intraday pct gain since July 10
** The gold exploration company says it entered a A$5.2 million ($3.63 million) placement agreement with Hong Kong-based mining company Xingye Gold
** Tartana says placement is priced at A$0.053 per share, representing 165% premium to its last close
** Tartana adds that funds will be used for expansion of co's exploration activities
** Around 31.4 million shares change hands, 31.4x the 30 day average 
** Stock down 37.8% YTD, including sessions moves


($1 = 1.4318 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((Shravya.Marakini@thomsonreuters.com;))