Australia's Gladiator Resources gains most in near 2 months on premium placement

US1 Critical Minerals

05/03/2024 24:08

** Shares of Australia's Gladiator Resources  GLA.AX  rise
as much as 22.2% to A$0.033, their biggest intraday pct gain
since Jan 10
    ** Stock at its highest level since Jan 18
    ** The gold and uranium explorer enters into subscription
agreements for private placement to raise A$4 mln ($2.60 mln)
    ** Placement at an issue price of A$0.03 cents per share,
representing a premium of 11.1% to stock's last closing
    ** Issue of 133.3 mln shares represent 12.2% of co's free
float of 10.9 mln shares - LSEG data
    ** Gladiator stock up 22.7% YTD, as of last close

    ($1 = 1.5370 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))