Australia's West Wits Mining jumps most in nearly 6 mths on securing finance facility

West Wits Mining

27/05/2022 06:03

** Shares of gold and copper explorer West Wits Mining
 WWI.AX  rise as much as 25% to A$0.03, set to mark their best
day since Dec. 3, if gains hold
    ** Co enters into an equity placement agreement with SBC
Global Investment Fund  urn:newsml:reuters.com:*:nFWN2XI0ZF
    ** Says agreement will give co up to A$75 million ($53.53
million) of standby equity capital over two years
    ** WWI says some of the funds will be used to advance its
4.28 million ounce gold Witwatersrand Basin Project in South
Africa
    ** Stock down 27.3% YTD, as of last close 
    



($1 = 1.4011 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))