Ora Gold Jumps 25% After Entering Into Strategic Alliance With Westgold Resources; Ora Shares Soar 25%

MT Newswires Live05-30

Ora Gold (ASX:OAU) entered into a strategic alliance with Westgold Resources (ASX:WGX) that will see the development of the former's Crown Prince deposit into production.

Ora Gold will raise AU$6 million via a strategic placement priced at AU$0.0045 per share from Westgold Resources, which is equivalent to a 15.0% shareholding in Ora Gold, according to a Thursday filing with the Australian bourse.

As part of the alliance, the two parties will separately agree on the terms of an ore purchase agreement.

Ora Gold shares jumped 25% in recent trade, while Westgold Resources' shares were down 2%.

Price (AUD): $0.01, Change: $, Percent Change: +25.00%

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2439665206?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-30 13:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2439665206","market":"sh","top_or_hot":-1,"title":"Ora Gold Jumps 25% After Entering Into Strategic Alliance With Westgold Resources; Ora Shares Soar 25%","media":"MT Newswires Live","content":"<html><body><p> Ora Gold (ASX:OAU) entered into a strategic alliance with Westgold Resources (ASX:WGX) that will see the development of the former's Crown Prince deposit into production.</p><p>Ora Gold will raise AU$6 million via a strategic placement priced at AU$0.0045 per share from Westgold Resources, which is equivalent to a 15.0% shareholding in Ora Gold, according to a Thursday filing with the Australian bourse.</p><p>As part of the alliance, the two parties will separately agree on the terms of an ore purchase agreement.</p><p>Ora Gold shares jumped 25% in recent trade, while Westgold Resources' shares were down 2%.</p><p>Price (AUD): $0.01, Change: $, Percent Change: +25.00%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ora Gold Jumps 25% After Entering Into Strategic Alliance With Westgold Resources; Ora Shares Soar 25%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOra Gold Jumps 25% After Entering Into Strategic Alliance With Westgold Resources; Ora Shares Soar 25%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-30 13:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ora Gold (ASX:OAU) entered into a strategic alliance with Westgold Resources (ASX:WGX) that will see the development of the former's Crown Prince deposit into production.Ora Gold will raise AU$6 ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2439665206","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439665206","pubTimestamp":1717045781,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Ora Gold  entered into a strategic alliance with Westgold Resources  that will see the development of the former's Crown Prince deposit into production.Ora Gold will raise AU$6 million via a strategic placement priced at AU$0.0045 per share from Westgold Resources, which is equivalent to a 15.0% shareholding in Ora Gold, according to a Thursday filing with the Australian bourse.As part of the alliance, the two parties will separately agree on the terms of an ore purchase agreement.Ora Gold shares jumped 25% in recent trade, while Westgold Resources' shares were down 2%.Price : $0.01, Change: $, Percent Change: +25.00%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4125":"广播","OAU.AU":"ORA GOLD LTD","BK7506":"金矿股","BK7104":"黄金","WGX.AU":"WESTGOLD RESOURCES LTD","AUD":"Audacy Inc."},"translate_title":"奥拉黄金与西金资源达成战略联盟后跃升25%；奥拉股价飙升25%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUD":1,"OAU.AU":0.9,"WGX.AU":0.9},"content_text":"Ora Gold (ASX:OAU) entered into a strategic alliance with Westgold Resources (ASX:WGX) that will see the development of the former's Crown Prince deposit into production.Ora Gold will raise AU$6 million via a strategic placement priced at AU$0.0045 per share from Westgold Resources, which is equivalent to a 15.0% shareholding in Ora Gold, according to a Thursday filing with the Australian bourse.As part of the alliance, the two parties will separately agree on the terms of an ore purchase agreement.Ora Gold shares jumped 25% in recent trade, while Westgold Resources' shares were down 2%.Price (AUD): $0.01, Change: $, Percent Change: +25.00%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439665206"}