Australia's Western Gold Resources climbs to 3-1/2-month high on premium placement

Western Gold Resources

10/01/2025 02:38

** Shares of Western Gold Resources  WGR.AX  rise as much as
21.1% to A$0.046, their highest levels since Sept 25, 2024
    ** The gold explorer says it raised A$720,000 ($446,184)
through a share placement at A$0.04 per share
    ** Issue price represents a premium of 5.3% to the stock's
last closing price
    ** Says funds will be used to support the ongoing
advancement of its Gold Duke Project in Western Australia
    ** Nearly 3.9 mln shares change hands, 15.2 times of the
30-day average volume of 254,252 shares
    

   ($1 = 1.6137 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))