Cooper Metals Launches Shareholder Loyalty Options

Cooper Metals Limited (AU:CPM) has released an update.

Cooper Metals Limited has announced an entitlement issue of Loyalty Options, offering one option for every ten shares held, exercisable at $0.25 with an expiration date of 24 November 2026. The initiative aims to acknowledge shareholder loyalty, targeting a modest raise of approximately $23,507 to cover the costs of the offer, with Prenzler Group Pty Ltd serving as Lead Manager. A detailed timetable for the offer, including key dates such as the record date on 22 July 2024 and the prospectus release on 16 July 2024, has been laid out.

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