Australia's Mayur Resources slides on discounted placement

Pacific Lime and Cement

12/10/2022 01:15

** Shares of Mayur Resources Ltd  MRL.AX  fall as much as
4.8% to A$0.1, their lowest since Aug. 26
    ** Diversified miner says it completed an additional private
placement to raise A$3.5 mln ($2.19 mln) via issue of 35 mln
shares  urn:newsml:reuters.com:*:nASXV239T
·   ** Issue price of A$0.10/share represents a 4.7% discount to
stock's last closing price of A$0.105 cents on Oct. 7 
    ** Stock posts its biggest intraday pct fall since Sept. 26
    ** MRL had fallen 52.3% this year, as of last close
($1 = 1.5962 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))