BRISBANE, Australia, April 24,
2024 /CNW/ - Mayur Resources
Limited ("Mayur"), an Australian-based public company
listed on the Australian Securities Exchange, makes the following
announcement in accordance with Canadian National Instrument 62-103
- The Early Warning System and Related Take Over Bid and Insider
Reporting Issues regarding the disposition of securities of
Adyton Resources Corporation ("Adyton") (TSXV: ADY).
On April 23, 2024, Mayur owned and
sold (the "Disposition") an aggregate of 10,000,000 common shares
in the capital of Adyton ("Adyton Shares"). The Disposition was
made pursuant to private share purchase agreements dated
April 22, 2024, whereby Mayur sold
the 10,000,000 Adyton Shares to unrelated third party purchasers at
a price of C$0.03 per share for total
consideration of C$300,000. The
Adyton Shares are listed for trading on the TSX Venture
Exchange.
Prior to the Disposition, Mayur owned 60,833,333 Adyton Shares
representing approximately 30.5% of the issued and outstanding
Adyton Shares on a non-diluted basis and 28.5% on a fully diluted
basis. Following the completion of the Disposition, Mayur owned
50,833,333 Adyton Shares representing approximately 25.5% of the
issued and outstanding Adyton Shares on a non-diluted basis and
23.8% on a fully diluted basis.
All Adyton Shares held by Mayur are held for investment
purposes. In the future, Mayur may purchase or sell securities of
Adyton on the open market or in private transactions, depending on
market and economic conditions and other factors material to the
investment decisions of Mayur.
Mayur will file an early warning report in respect of the
Disposition pursuant to the early warning requirements of
applicable Canadian securities laws. A copy of the early warning
report will be available under Adyton's profile on SEDAR+ at
www.sedarplus.ca once it has been filed and will also be able to be
obtained by contacting Mayur's Managing Director, Paul Mulder, at info@mayurresources.com or +61
(0)7 3157 4400. Mayur's address is 300 Adelaide Street, Level 7,
Brisbane, Queensland, Australia.
SOURCE Adyton Resources Corporation