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ASX investors warm to PNG play

Mayur Resources (AU:MRL) has debuted on the Australian Stock Exchange and raised funds to help push forward its plans to develop a number of coal, copper, gold and industrial mineral projects in Papua New Guinea.

ASX investors warm to PNG play ASX investors warm to PNG play ASX investors warm to PNG play ASX investors warm to PNG play ASX investors warm to PNG play

An outcropping at the Depot Creek coal project in PNG

It has issued 38.8 million shares at A$0.40 (US$0.32) apiece to about 400 applicants, including funds, individuals and retail investors.