BUZZ-Australia's Askari Metals rises on investor subscription at premium

Reuters

2025/01/03

** Shares of Askari Metals rise as much as 18.2% to A$0.013, set for best session since Oct. 2 - if current gains hold

** Stock touches highest level since Dec. 18

** Diversified miner says it has raised A$350,000 ($217,140.00) from a single investor at an average price of A$0.0135 per share

** Average issue price represents a 22.7% premium to stock's last close

** Co says funds will be used to advance the Tanzanian uranium portfolio

($1 = 1.6119 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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