BUZZ-Australia's MetalsTech jumps on placement at premium

Reuters

05-02

BUZZ-Australia's MetalsTech jumps on placement at premium

** MetalsTech MTC.AX jumps 10% to A$0.110; set for biggest intraday pct rise since February 21

** MTC set for its weakest week since February 24

** Gold explorer gets first tranche of strategic investment of A$1.3 mln ($831,870) via placement

** Issue price of A$0.12 20% premium to last close

** Funds raised will be used to complete the Pre-Feasibility Study at co's Sturec Gold Project in Slovakia

** Stock down 21.4% YTD

($1 = A$1.5627)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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