Australia's Riversgold jumps on acquisition to expand WA project

TriStar Gold

06/10/2022 01:22

** Shares of Riversgold Ltd  RGL.AX  rise as much as 20.0%
to A$0.042, on track to record their biggest jump since Aug 11,
if gains hold 
    ** The mining company says co has reached an agreement with
Tristar Nominees Pty Ltd to acquire prospecting licence in
Western Australia's Pilbara region  urn:newsml:reuters.com:*:nASX2XJfV8
    ** Says acquisition adds a further 1.6 sq kms (0.62 sq mile)
of area to the co's Tambourah lithium project in Western
Australia 
    ** Under the deal, co has agreed to pay 1.1 mln fully paid
ordinary shares to Tristar Nominees Pty Ltd
    ** Shares hit highest since Sept 21
    ** Riversgold shares up 127.2% YTD, as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))