Refile: BUZZ-Australia's Venus Metals at over 5-year high on QGold takeover bid

Venus Metals

24/11/2025 02:47

Corrects to add headline tag and remove dateline

** Shares of Australia's Venus Metals Corporation VMC.AX rise as much as 8.8% to A$0.185, their highest level since July 2, 2020

** Ord Minnett, broker of the deal, says QGold offers to acquire VMC for an offer price of A$0.17

** Offer values co at A$33.3 million ($21.52 million)

** Stock up 176.1% YTD, including day's moves

($1 = 1.5477 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))