Australia's Zuleika Gold jumps most in 3-1/2 mnths on succesful litigation

Zuleika Gold

01/11/2022 01:24

** Shares of mining co Zuleika Gold  ZAG.AX  rise as much as
16.7% to A$0.021, eyeing their best session since July 14
    ** ZAG says that its litigation against Vango Mining
pertaining to a binding term sheet signed in 2017 was wholly
succesful
    ** Vango found to have breached terms and wrongfully
repudiated the binding terms sheet, says co 
    ** Zuleika's beneficial interest of 4.1% of the K2 project
confirmed; court ordered Vango to transfer the stake to Zuleika
    ** Shares hit their highest levels since Sept. 19
    ** More than 1.3 mln shares change hands, compared with the
30-day average volume of about 260,000 shares
    ** Stock down ~5.3% this year as of last close
 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))