Australia's Winsome Resources gains on capital raise at premium

Winsome Resources

15/11/2022 24:32

** Shares of Winsome Resources  WR1.AX  jump as much as
35.1% to A$1.14, hitting their highest since Nov 7 
    ** The lithium miner says it will raise A$6.8 million 
($4.55 million) utilising the "flow-through shares" provisions
under Canadian tax law  urn:newsml:reuters.com:*:nFWN32A5H7
    ** Funds raised from the placement will be used to advance
its flagship lithium projects at Cancet and Adina in Quebec,
Canada 
    ** Issue price of A$1.67 per share is at a 98% premium to
the co's last closing price on Nov 10 
    ** About 5.2 mln shares change hands, 1.4 times compared
with the 30-day average volume of around 3.8 mln shares 
    ** Stock has risen more than two folds this year as of last
close
($1 = 1.4945 Australian dollars)
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))