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BUZZ-Australia's Jade Gas surges on $45 million China financing deal for LNG project

Reuters
11/10
BUZZ-Australia's <a href="https://laohu8.com/S/JGH.AU">Jade Gas</a> surges on $45 million China financing deal for LNG project

** Shares of Jade Gas Holdings JGH.AX rise as much as 5.6% to A$0.038

** Gas explorer signs A$70 million ($45.49 million) letter of intent with Chinese gas equipment manufacturer Langrun

** Letter of intent for non-dilutive project financing for the first stage of Jade’s Phase 1 LNG Project development

** Near 2.2 mln shares traded so far vs 30-day average of 1.4 mln shares

** Stock has fallen 2.7% this year, as of last close

($1 = 1.5389 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

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