Australia's Titan Minerals rises on securing funding for Ecuador project

Titan Minerals

07/10/2021 04:24

** Shares of the gold-copper explorer  TTM.AX  rise as much
as 12.5% to A$0.113, biggest intraday pct gain since July 14
    ** Co says it has received firm commitments for a placement
to raise A$18 mln ($13.1 mln) at A$0.10 per share  urn:newsml:reuters.com:*:nASX1l3CFS
    ** Issue price is the same as stock's last closing price 
    ** Says funds raised under the placement will be    applied
to accelerate drilling at its Dynasty Gold Project in Ecuador
    ** Stock hits its highest level since Sept. 24
    ** As of last close, stock down 16.7% YTD

($1 = 1.3734 Australian dollars)

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