BUZZ-Australia's Avenira rises to near 1-month high as co secures investment from largest shareholder

Reuters

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BUZZ-Australia's Avenira rises to near 1-month high as co secures investment from largest shareholder

** Shares of Avenira AEV.AX rise 28.6% to A$0.009, their highest levels since Feb 13

** Stock eyes best trading session since late July 2024, if current gains hold

** The specialty miner says it has secured an investment from a unit of China-based Sichuan Hebang Biotechnology 603077.SS, co's largest shareholder

** The investment comprises a A$7.567 mln ($4.77 mln) placement at an issue price of A$0.007, in line with stock's last close

** Sichuan Hebang also agrees to provide unsecured draw-down loan facility

** Funds to be used to advance co's Wonarah Direct Shipping Ore (DSO) phosphate project in the Northern Territory

** Stock up 5.9% YTD, including current session's moves

($1 = 1.5853 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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09:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<title>BUZZ-Australia's Avenira rises to near 1-month high as co secures investment from largest shareholder</title><p>** Shares of Avenira <span>AEV.AX</span> rise 28.6% to A$0.009, their highest levels since Feb 13</p><p>** Stock eyes best trading session since late July 2024, if current gains hold</p><p>** The specialty miner <span>says</span> it has secured an investment from a unit of China-based Sichuan Hebang Biotechnology <span>603077.SS</span>, co's largest shareholder</p><p>** The investment comprises a A$7.567 mln ($4.77 mln) placement at an issue price of A$0.007, in line with stock's last close</p><p>** Sichuan Hebang also agrees to provide unsecured draw-down loan facility</p><p>** Funds to be used to advance co's Wonarah Direct Shipping Ore (DSO) phosphate project in the Northern Territory</p><p>** Stock up 5.9% YTD, including current session's moves</p><p>($1 = 1.5853 Australian dollars)</p><p> (Reporting by Nikita 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