BUZZ-Australia's Koonenberry Gold rises on securing funds for projects

Reuters

2025/05/22

** Shares of Koonenberry Gold KNB.AX rise as much as 11.3% to A$0.069, marking their biggest intraday pct gain since May 14

** Mineral explorer says it is raising A$5 million through share placement

** Says funds to be used for ongoing exploration and drilling activities at its Enmore and Lachlan Project in New South Wales

** Stock up over 400% YTD

(Reporting by Sneha Kumar in Bengaluru)

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

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