** Shares of Fatfish Group rise as much as 21.4% to A$0.017, their highest level since May 8
** Stock currently up 10.7%, on track for best day since Feb. 23, if gains hold
** Internet venture investment co agrees to acquire up to 51% strategic stake in AI Gaming Co. Pte.
** Co says in the event that it completes both initial investment and exercises its option, it will own 50.85% of AI Gaming Co.
** Adds agreement envisages a series of investments by FFG of up to A$2.8 mln ($1.85 mln)
** Stock has fallen 17.7% this year, as of last close
($1 = 1.5154 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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