BUZZ-Minbos Resources gains on receiving second tranche of construction funds

Reuters
03-07
BUZZ-Minbos Resources gains on receiving second tranche of construction funds

** Shares of Australia's Minbos Resources MNB.AX rise as much as 9.1% to A$0.048, their highest level since February 14

** Stock has gained 4.8% so far in the week as of 0028 GMT, on track to snap its two straight weeks of losses

** Fertilizer distributor receives $2.43 million as second tranche of funding from Fundo Soberano de Angola (FSDEA)

** Funding to help continue construction of Cabinda Phosphate Fertilizer project in Angola

** Stock has risen 9.1% this year, as of 0028 GMT

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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