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TDUX
Oct 19 - 01:55 AM
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Gold - Australia's Nordic Resources Climbs On Securing Finland Gold Project Deal

By Subhalakshmi Dey  —  Oct 19 - 12:18 AM

• Shares of Australia's Nordic Resources rise 9.4% to A$0.175, on track for their best day since August 7, if gains hold

• The nickel-copper miner enters an agreement with Finland's Timalfi Partners Ay to acquire the Jukulainen gold project in central Finland

• Company says initial consideration of deal is EUR15,000 ($16,843.50), with deferred consideration of EUR85,000 due within 15 months following final grant of a legally valid Jukulainen licence

• Adds company must complete a minimum of 200m of drilling at Jukulainen within 12 months of final licence grant

• YTD, stock down 10.3%, including session's moves


($1 = 0.8906 euros)

(Reporting by Subhalakshmi Dey in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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