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Mayur Resources Ltd acquires minority interests to consolidate 100% ownership of its power and energy resources portfolio

HIGHLIGHTS:

  • Mayur acquires minority interest in its two power and energy subsidiaries for consideration of 5,720,646 new fully paid shares (Shares1) in the Company
  • Transaction consolidates the corporate structure and now takes MRLs ownership of its power and energy subsidiaries to 100%
  • Power and energy subsidiaries include the Company’s coal exploration Licence portfolio in Gulf Province and the Lae EEP power station project
Mayur Resources Ltd (ASX: MRL) (MRL or the Company) is pleased to announce the acquisition of the remaining minority shareholdings of both Mayur Energy and Mayur Power Generation via a roll up share allocation taking MRL’s interest to 100% ownership.

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