September 2, 2015 / 2:01 AM / 2 years ago

BUZZ-Australia's Dourado hits 4-mth high; buys security software company

** Mineral explorer Dourado Resources Ltd gains as much as 27.3 pct to 1.4 Australian cents to hit its highest since April 24

** Company to buy Canada-based data security software developer Zyber Secure Mobile Solutions

** Says Dourado will issue 700 mln convertible shares, each exchangeable for one fully paid ordinary Dourado share

** Adds that co plans to conduct a capital raising under a full form prospectus to raise at least A$3 mln ($2.1 mln)

** About 69.8 mln shares change hands in early trading on Wednesday, compared with the 30-day average of 9.2 mln

** Stock had lost about 63.3 pct this year as of Tuesday’s close ($1 = 1.4298 Australian dollars) (Reuters Messaging: shashank.ks.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below