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- Mayur Resources (MRL) enters a trading halt while it plans a capital raise
- The company has not yet announced how much it plans to raise nor how it will spend the money
- The company expects to remain in the trading halt until Wednesday, October 12, by which time it plans to have released the details of the capital raise
- Shares in Mayur last traded at 1.7 cents on October 4
Mayur Resources (MRL) has entered a trading halt while it plans a capital raise.
The company has not yet announced how much it plans to raise nor how it will spend the money.
The company expects to remain in the trading halt until Wednesday, October 12, by which time it plans to have released the details of the capital raise.
Last December, the company completed a $5.85 million in financing through a share placement and a loan facility.
Mayur utilised the money for general corporate purposes and to progress its Carbon Estate projects to be verified under the UN’s Reducing Emissions from Deforestation and Forest Degradation program in Papua New Guinea.
Shares in Mayur last traded at 1.7 cents on October 4.
