Australia's Tyranna Resources jumps on buyout offer for gold project

Tyranna Resources

17/11/2020 03:34

** Shares of gold explorer Tyranna Resources Ltd  TYX.AX  up
as much as 16.7% at A$0.007
    ** Minerals explorer Marmota Ltd  MEU.AX  makes fully funded
A$3 mln($2.20 mln) offer to buy all of co's rights in Jumbuck
Gold Project in South Australia  urn:newsml:reuters.com:*:nASXc7B3Qb
    ** Nearly 14 mln shares change hands vs. 30-day average
volume of ~9 mln
    ** TYX shares have doubled this year, as of last close

($1 = 1.3657 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((arundhati.dutta@thomsonreuters.com;))