** Shares of Kingfisher Mining rise as much as 5.7% to A$0.185, their highest since Nov 24
** The natural resources explorer says it has executed a Binding Heads of Agreement with Black Cat Syndicate for sale of its Boolaloo project in Western Australia
** Consideration of divestment at 2 mln fully paid ordinary shares in Black Cat based on a share price of A$0.28 per share and valued at A$560,000 ($374,136)
** Kingfisher stock down 63.2% YTD, as of last close
($1 = 1.4968 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments