Cooper Metals Limited (AU:CPM) has released an update.
Cooper Metals Limited announces a non-renounceable entitlement issue, offering shareholders one Loyalty Option for every ten shares held at a minimal issue price, aiming to raise around $23,507 before costs. The Loyalty Options can be exercised at $0.25 each until November 2026, alongside a secondary offer of 1,000,000 Options to the Lead Manager. Shareholders must act by the closing date of 5 August 2024 to participate in this speculative opportunity.
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