Cyprium Metals Ltd Stock Market Press Releases and Company Profile
Entitlement Offer Update
Entitlement Offer Update

Perth, Aug 28, 2023 AEST (ABN Newswire) - Cyprium Metals Limited (googlechartASX: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 LtdCyprium Metals Limited (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.

https://twitter.com/CypriumMetals https://www.linkedin.com/company/cyprium-metals/ abnnewswire.com 


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



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