Australia's Western Gold rises on deal to acquire mineral prospects in Sweden

Western Gold Resources

21/08/2023 04:57

** Shares of Western Gold Resources  WGR.AX  rise as much as
62.5% to A$0.065, on track for their best day, if gains hold
    ** Stock at highest level since Feb 13
    ** The gold miner says it will acquire Euro Future Metals,
which holds exploration permits for 3 high-grade rare-earths and
graphite prospects in Sweden
    ** Co adds it has received commitments for raising A$1.5 
($960,600) at A$0.035 per share, a 12.5% discount to stock's
last closing price 
    ** WGR stock down 43.7% YTD, as of last close
    
    ($1 = 1.5601 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))