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.
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
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