Mayur Resources (ASX:MRL) completes oversubscribed placement

• Mayur Resources (MRL) has completed its oversubscribed placement and raised $2.5 million
• The company originally planned to raise $1.5 million and had the ability to take on a further $1 million
• Mayur actually exhausted full allocation of the placement and received offers totalling more than $2.5 million
• The $2.5 million was raised through the issue of 12.5 million CHESS depositary interests to new and existing institutional investors at 20 cents
• Mayur will use the money to provide working capital for its ongoing disaggregation strategy

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