Australia's Titanium Sands jumps most in nearly 1 year on securing $1.4 mln funding

Titanium Sands

11/02/2022 24:44

** Shares of Titanium Sands  TSL.AX  rise as much as 16.7%
to A$0.028, their biggest intraday pct gain since Feb 25, 2021
    ** The mineral sands explorer says it has obtained a
facility to borrow up to A$2 mln ($1.43 mln) through agreements
with two of its major shareholders  urn:newsml:reuters.com:*:nASX1zdnpD
    ** Says funds raised will be used to strengthen balance
sheet and accelerate ongoing projects 
    ** Stock hits highest level since April 20, 2021
    ** Stock down 20% this year, as of last close

     ($1 = 1.3994 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))