BUZZ-Australia's Native Mineral Resources rises on premium placement

Reuters11-12

** Shares of Native Mineral Resources rise 14.3% to A$0.040, set for third consecutive session of gains, if current trend holds

** Copper & gold miner says it has received commitments to raise A$3.5 million ($2.30 million) via the placement of 86.6 mln shares

** Issue price of A$0.04 at a ~14% premium to stock's last close

** Co says funds will be used to develop Far Fanning & Black Jack deposits in Northern Queensland, among others

** Over 2.7 mln shares change hands, 3.8x the 30-day avg

** Stock has doubled in value YTD, including current session, as of 0007 GMT

($1 = 1.5223 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com))

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