BUZZ-Australia's Ardiden hits nearly 27-month high on Lac Gold merger, premium placement

Reuters

2025/10/10

** Ardiden ADV.AX soars as much as 71.1% to A$0.325, highest since July 18, 2023

** Gold explorer announces merger with Canadian bullion firm Lac Gold

** Lac Gold shareholders to get 101.4 mln ADV shares as consideration

** Ardiden raises A$10 mln ($6.6 mln) at A$0.20/share, 5.3% premium to last close, to fund merger

** YTD, ADV surges 137%

($1 = A$1.5242)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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