** Shares of Midas Minerals MM1.AX rise 36.5% to A$0.215, their highest since mid-September 2023
** Stock on track for biggest one-day gain since late-March 2022
** Mineral explorer says it will raise A$6.5 million through placement for acquisition and exploration of Otavi Copper Project in Namibia
** Says funds to be also used for existing project portfolio and working capital
** Stock rose as much as 68.3% to A$0.265 earlier in the session
** About 3 mln shares change hands, vs the 30-day average of 83,971
** Stock up 182.9% YTD
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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