June 28, 2019 / 1:33 AM / 5 months ago

BUZZ-Australia's Jervois Mining gains most in nearly 3 months on share placement at premium

** Shares of battery metals explorer Jervois Mining Ltd rise as much as 16.2% to A$0.215, in their biggest intraday pct gain since April 2

** Co says raised A$16.5 mln ($11.56 mln) through issue of 82.5 mln shares

** Offer price A$0.20 per share, a premium of 8.1% to last close on June 25

** This comes ahead of acquisition of eCobalt Solutions Inc , which would be its second acquisition of a Canada-based cobalt explorer this year

** Jervois recently acquired cobalt projects in Uganda through its acquisition of M2 Cobalt

** More than 220,000 shares change hands, compared with the 30-day average of 191,100 shares

** Stock had declined 7.5% this year, as of last close ($1 = 1.4278 Australian dollars)

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