- Mayur Resources (MRL) has placed its shares in a trading halt while it finalises an upcoming capital raising
- The company will remain in the halt until the earlier of May 24 or when an announcement with more details is released
- On May 10, Mayur revealed it had appointed Trent Alexander as Chief Operating Officer of its cement and lime business, Mayur Industrials
- Trent has nearly 20 years of experience in the materials industry, working with the likes of Brickworks, Orica, Adelaide Brighton and Hanson
- Mayur Industrials is currently developing the Central Cement and Lime Project, which is situated close to Port Moresby in Papua New Guinea
- Shares in Mayur last traded at 20 cents on May 17
Mayur Resources (MRL) has placed its shares in a trading halt while it finalises an upcoming capital raising.
The company will remain in the halt until the earlier of May 24 or when an announcement with more details is released.
Mayur is yet to disclose how much it intends to raise or what it will use the funds for once they have been received.
On May 10, Mayur revealed it had appointed Trent Alexander as Chief Operating Officer of its cement and lime business, Mayur Industrials.
Trent has nearly 20 years of experience in the materials industry, working with the likes of Brickworks, Orica, Adelaide Brighton and Hanson.
Mayur Industrials is currently developing the Central Cement and Lime Project, which is situated close to Port Moresby in Papua New Guinea.
Shares in Mayur last traded at 20 cents on May 17. The company has a $40.87 million market cap.