Australia's PVW Resources gains, co secures fund for project acquisition

Union Star Metals

30/07/2024 03:40

** Shares of PVW Resources  PVW.AX  rise as much as 20% to
A$0.030, set to climb most since April 30 - if current gains
hold
    ** Diversified resources co commits to A$1.15 mln ($752,675)
capital raise, issue price of A$0.02 per share at 20% discount
to last close
    ** Says proceeds will be used for acquisition of Scanty
Brazil, holder of highly prospective ionic clay rare earth
element projects in Brazil, among others
    ** Stock hits its highest level since July 16
    ** Stock down almost 48% this year, as of last close

($1 = 1.5279 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))