** Shares of Andromeda Metals ADN.AX rise 31.82% to A$0.0145, their highest level since May 14

** Miner says that Merricks Capital has confirmed credit approval for A$75 million ($48.46 million) debt facility

** Adds, facility will support the development of Great White Project in South Australia

** Over 39.2 million shares change hands, 1.7x the 30-day avg

** Stock rose as much as 40.9% earlier in the day, marking its biggest intraday gain since May 1

** Stock so far this year has doubled in value

($1 = 1.5477 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))