Australia's Todd River Resources rises on offshore lithium project acquisition

Xenora Minerals

27/09/2023 02:23

** Shares of Todd River Resources  TRT.AX  rise as much as
16.7% to A$0.014, hitting their highest level since June 19
    ** Stock set for best day since Aug 28, if gains hold
    ** The specialty miner executed agreements for acquiring
three lithium exploration projects in Northwest Territories of
Canada
    ** Co says it received commitments to raise A$5 mln ($3.20
mln) at an issue price of A$0.01 per share
    ** Co's capital raising at a discount of 16.7% from last
close
    ** Stock down 33.3% this year, as of last close

     ($1 = 1.5637 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))