ASX-listed Mayur Resources has raised A$9.7-million through an option underwriting agreement and an institutional share placement to fund a number of project works over the next six to twelve months.
Mayur on Wednesday said that it had entered into an underwriting agreement with Morgans Corporate to underwrite the exercise of 12.18-million unlisted loyalty options and 1.33-million advisor options, which will expire in September this year, at a price of 56c each, to raise an initial A$7.57-million.