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Australia's Mayur Resources soars on proposed $50 mln investment

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** Shares of Mayur Resources MRL.AX rise as much as 24.3% to A$0.230, set to gain most since July 4, 2023

** The diversified miner signs term sheet with ACAM LP - global investor in the natural resources sector - for proposed $50 million investment in co and its unit

** Co also raises A$5 million ($3.33 million) through placement

** Stock hits its highest level since April 30

** Stock is down over 5% this year, as of last close

($1 = 1.5024 Australian dollars)

Reporting by Rajasik Mukherjee in Bengaluru


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