Mayur Resources Limited Provides Positive Update on ACAM Investment

Mayur Resources Limited (ASX: MRL) reports progress on ACAM LP’s proposed USD 50 million investment. The due diligence process is nearly complete, meeting ACAM's high standards. Draft Subscription and Shareholder Agreements are being negotiated, and the debt structure is being reviewed. The investment could see ACAM acquiring up to a 29.9% stake in Mayur at market price.

An eight-week exclusivity extension has been granted to finalize the transaction by 1 October 2024. Paul Mulder, Managing Director of MRL, expressed confidence in the project's successful completion and the strong support from the PNG Government for downstream processing. This transaction, if completed, will make ACAM the largest single shareholder in MRL.

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