Australia's Mithril Resources jumps on merger with Newrange Gold

Pinnacle Silver and Gold

26/05/2023 06:47

** Shares of Mithril Resources  MTH.AX  rise as much as 50%
to A$0.003
    ** The diversified metals explorer announces merger with
Canadian exploration company Newrange Gold  NRG.V  under which
Newrange will acquire 100% of co's issued capital 
    ** Equity value of deal is ~A$11.8 mln  
    ** Mithril CEO John Skeet will join Newrange board and
assume the role of President & CEO
    ** MTH down ~33% this year, as of last close

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.bedi@thomsonreuters.com))