Australia's Forrestania Resources hits 3-week high on premium placement
RefinitivLess than 1 min read
** Forrestania Resources FRS jumps as much as 8.1% to A$0.200, highest since August 6
** Mineral explorer to raise A$8.6 mln ($5.6 mln) via placement at A$0.205/share, 10.8% premium to last close
** Says funds from placement will be used to advance development at its gold projects, others
** About 2.6 mln shares traded, 1.8x the 30-day avg
** YTD, FRS surges 1,185.7%
($1 = A$1.5389)
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