BUZZ-Australia's Magnis Resources rises; AL Capital to invest $7.9 mln in firm

By Reuters / September 03, 2018 / www.kitco.com / Article Link

** Graphite explorer Magnis Resources Ltd rises asmuch as 5.3 pct to A$0.400, its highest since June 27 ** AL Capital to invest A$11.1 mln ($7.99 mln) at A$0.37 pershare for 4.98 pct equity holding in Magnis** Placement was made under co's existing placement capacityof 30 mln shares issued at A$0.37 per share ** Stock posts biggest intraday pct gain since Aug 28

** Stock down 17.4 pct this year, as of last close($1 = 1.3899 Australian dollars)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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