BUZZ-Australia's Spacetalk rises on securing funds for expansion

Reuters

07/11

** Shares of Spacetalk SPA.AX rise 6.5% to A$0.165, hitting their highest level since July 2

** Stock marks its biggest intraday pct gain since July 2

** Tech firm says it received A$3 million ($1.98 million) from its largest shareholder, Thorney Investment Group

** Says funds will be used for expansion and new products

** Stock up 6.5% this year, including the day's move

($1 = 1.5177 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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