Option underwriting agreement and institutional placement completed to raise $9.7m and provide funding pathway to end of 2020
Mayur Resources Limited (ASX: MRL, Mayur or the Company) has entered into an underwriting agreement with Morgans Corporate Limited (Morgans) to underwrite the exercise of 12.189 million unlisted Loyalty Options and 1.337 million Advisor Options (together ‘Unlisted Options’) which expire on 21 September 2019 at $0.56, to raise $7.575 million.
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