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

Tue Sep 1, 2015 9:58pm EDT
 
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** 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)