Australia's Mayur Resources soars on proposed $50 mln investment

Pacific Lime and Cement

25/06/2024 05:52

** Shares of Mayur Resources  MRL.AX  rise as much as 24.3%
to A$0.230, set to gain most since July 4, 2023
    ** The diversified miner signs term sheet with ACAM LP -
global investor in the natural resources sector - for proposed
$50 million investment in co and its unit
    ** Co also raises A$5 million ($3.33 million) through
placement
    ** Stock hits its highest level since April 30
    ** Stock is down over 5% this year, as of last close

($1 = 1.5024 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))