Australia's Zuleika Gold posts best session in 5 years on premium private placement

Zuleika Gold

18/01/2022 04:03

** Shares of Zuleika Gold Ltd  ZAG.AX  rise as much as 135%
to A$0.047, post their best intraday session since Jan 2016
    ** The gold miner announces private placement of A$3 mln
($2.16 mln) to fund ongoing drilling programmes across its
Kalgoorlie gold projects, WA  urn:newsml:reuters.com:*:nASX1FztcR
    ** Adds that issue price of A$0.03 per share represents a
premium of 50% to its last close on Jan 13
    ** Stock hits highest level since May 18
    ** More than 19 mln shares change hands, compared with the
30-day average volume of about 314,000 shares
    ** Stock was on trading halt since Jan 14; up 5.3% this
year, as of last close

     ($1 = 1.3891 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))