BUZZ-Bindi Metals eyes record gain after acquiring Serbian antimony projects

Reuters

Sep 19, 2024

** Shares of Australia's Bindi Metals rise as much as 60.3% to A$0.125 on track to record their best day ever, if gains hold

** Stock at its highest level since March 12

** Stock currently up 28.2%, as of 0054 GMT

** The metal mining exploration co announces acquisition of Lisa Antimony-Gold Project & Mutnica Antimony-Copper Project in Serbia

** Co also announces placement to raise A$2 mln ($1.35 mln) at issue price of A$0.08 per share

** Issue price represents a premium of 2.5% to stock's last closing

** Funds from placement to be used towards drilling and exploration at Serbian projects - BIM

** Stock has fallen 33.3% this year as of 0054 GMT

($1 = 1.4815 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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