Cyprium Metals Ltd: Entitlement Offer Update
28.08.2023 | ABN Newswire
Perth, Australia - Cyprium Metals Ltd. (ASX:CYM) is pleased to advise that it has executed a Shortfall Agreement with Nebari Natural Resources Credit Fund II, LP (Nebari) to take $500,000 of the shortfall under the $5,000,000 Entitlement Offer which closes on 7 September 2023 (also refer to CYM ASX release dated 14 August 2023, "Lodgement of Prospectus").Under the Shortfall Agreement, Nebari has agreed to subscribe for $500,000 worth of Shares (being 12,500,000 Shares at an issue price of $0.04 per Share (with free attaching 1:2 Options at $0.06 per option) pursuant to the Shortfall Offer (Shortfall Shares).
In addition, the Board has received interest to take a substantial portion of the shortfall (if any). Shareholders as at the Record Date (18 August 2023) can apply for their pro rata entitlements and top up allocations directly through CYM's share registry, Automic. Please visit:
https://investor.automic.com.au/
Management Comment
Clive Donner, proposed Managing Director commented:
"We are very pleased to have our financier, Nebari, a highly respected and experienced financier of mining projects globally, subscribing for $500,000 of Shortfall Shares in the Entitlement Offer."
*To view the indicative timetable, please visit:
https://abnnewswire.net/lnk/QI25DK82
About Cyprium Metals Ltd:
Cyprium Metals Ltd. (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.
Source:
Cyprium Metals Ltd.
Contact:
Barry Cahill Executive Director T: +61 8 6374 1550 Wayne Apted Chief Financial Officer and Company Secretary Lexi OHalloran Investor and Media Relations E: lexi@janemorganmanagement.com.au T: +61 404 577 076 E: info@cypriummetals.com