Australia's Metro Mining rises as co secures short-term finance facility

Rocky Shore Gold.

16/12/2021 04:30

** Shares of coal and bauxite explorer Metro Mining Ltd
 MMI.AX  rise as much as 5.3% to A$0.02 
    ** Co signs a A$5 mln ($3.58 mln) short-term bridging
facility with Greenstone Resources II (Australia) Holdings L.P.
and Lambhill Pty  urn:newsml:reuters.com:*:nASX2yV1L1
    ** Adds that by securing the finance facility, Metro Mining
does not believe that any further external funding will be
required by co in short term
    ** More than 7.1 mln shares change hands, compared with the
30-day average volume of ~4.9 mln shares
    ** Stock down 59% this year, as of last close

     ($1 = 1.3972 Australian dollars)

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))