Brief: Mayur Resources Announces Funding For Orokolo Bay Project

Pacific Lime and Cement

23/01/2024 01:04

Jan 23 (Reuters) - Mayur Resources Ltd  MRL.AX :
    * FUNDING FOR OROKOLO BAY PROJECT AND A$7.3 MILLION
PLACEMENT
    * FINALISED FUNDING STRUCTURE WITH ITS PARTNERS ON OROKOLO
BAY
MINERAL SANDS PROJECT
    * EXECUTED A SERIES OF LEGALLY BINDING CONTRACTUAL
AGREEMENTS WITH
PT SEA FIRST NICKEL INDUSTRY
    * PTSFNI SHALL BE PROVIDED A 51% EQUITY STAKE IN PROJECT.
    * PTSFNI HAVE AGREED TO FULLY FUND DEVELOPMENT OF OROKOLO
BAY
PROJECT

Source text for Eikon:  ID:nASXbhZZB9 
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