BUZZ-Australia's Argonaut Resources rises after acquisitions of lithium projects

Mon Apr 18, 2016 11:20pm EDT
 
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** Minerals explorer Argonaut Resources NL rises as much as 26.32 pct to A$0.024, its highest since Sept 18, 2014

** Co agrees to purchase three mineral claims from Canadian Orebodies Inc for C$100,000 (A$100,836.89)

** Project has confirmed high grades of lithium from existing samples

** Stock up 380 pct this year as of Monday's close

** About 46.4 mln shares change hands, 4.7 times the 30-day average

(1 Australian dollar = 0.9917 Canadian dollars) (Reuters Messaging: aparajita.saxena.thomsonreuters.com@reuters.net)