BUZZ-Australia's Mithril Resources gains most in 5 weeks on premium placement

Reuters06-26

** Shares of Australia's Mithril Resources rise as much as 29% to A$0.2, marking their biggest intraday pct gain since May 22

** Stock hits its highest level since June 13

** Diversified metals explorer says got commitments for capital raising of A$3.7 mln ($2.47 mln)

** Placement at an issue price of A$0.2 per share, representing a premium of 29% to stock's last close

** Proceeds will be used to extend and accelerate drilling at the Copalquin gold-silver project in Mexico - MTH

** Nearly 1.1 mln shares change hands by 0345 GMT, vs 30-day average volume of 691,075 shares

** Stock down 22.5% YTD, as of last close

($1 = 1.4986 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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