Cyprium Metals Announces A$3M Share Entitlement Offer

Cyprium Metals Limited (AU:CYM) has released an update.

Cyprium Metals Limited is launching a A$3 million entitlement offer, allowing shareholders to purchase new shares at a rate of 1 for every 16 existing shares, alongside gaining new unquoted options. This move follows a significant year for Cyprium, as they secured $23 million from a recent placement and equipment sale, which will support their future projects and loan facility requirements. The funds from the entitlement offer will be used for site costs, permits, maintenance, and working capital, signaling a promising opportunity for investors.

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