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Cyprium Metals Limited ( (AU:CYM) ) has shared an announcement.
Cyprium Metals Limited announced a fully underwritten, non-renounceable entitlement offer to raise approximately $6 million by offering 10 new shares for every 96 existing shares at $0.028 per share. The offer is managed by Wilsons Corporate Finance Limited, Canaccord Genuity (Australia) Limited, and Euroz Hartleys Limited, and is open only to eligible shareholders in select countries. This move aims to bolster the company’s financial position, though it excludes shareholders outside Australia, New Zealand, Hong Kong, Singapore, and the USA due to regulatory and cost considerations.
More about Cyprium Metals Limited
Cyprium Metals Limited is a company operating in the mining industry, focusing on the exploration and development of copper projects. The company is listed on the Australian Securities Exchange (ASX) under the ticker CYM.
YTD Price Performance: 30.43%
Average Trading Volume: 2,248,741
Technical Sentiment Signal: Hold
Current Market Cap: A$61.91M
For detailed information about CYM stock, go to TipRanks’ Stock Analysis page.