September 18, 2018 / 1:14 AM / 3 months ago

BUZZ-Australia's Pioneer Resources rises on Novo Resources tie-up

** Shares of gold miner Pioneer Resources Ltd rise as much as 11.1 pct to A$0.020

** Co says it signed a farm-out agreement with Canada’s Novo Resources Corp to help exploration at co’s Kangan Gold Project in Pilbara

** Pioneer says Novo will also subscribe to A$1 mln ($716,000.00) of co’s shares at A$0.02 per share

** Stock posts its best intraday pct gain since August

** About 2.5 mln shares change hands, compared with the 30-day avg vol of about 2 mln shares ($1 = 1.3966 Australian dollars)

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