$10.5M raised in PNG copper-gold spin-out

SHARES in Mayur Resources rose 10% following the announcement that it had listed its copper and gold assets in Papua New Guinea on the TSX-Venture Exchange in Canada as Adyton Resources Corporation.

$10.5M raised in PNG copper-gold spin-out $10.5M raised in PNG copper-gold spin-out $10.5M raised in PNG copper-gold spin-out $10.5M raised in PNG copper-gold spin-out $10.5M raised in PNG copper-gold spin-out

Frank Terranova

The spin out raised more than $C10.5 million raised via a syndicate of northern hemisphere banks which valued Adyton around $C38 million.