Cyprium Shareholders approve SGM motions

Cyprium Metals  (ASX: CYM)

Advised that it has received confirmation from its shareholders at the SGM that its securities will be reinstated to quotation following the voluntary suspension of its securities on 23 February 2023.




Cyprium Metals

Cyprium Metals – Project locations in Western Australia



Cyprium Metals ASX: CYM
Stage Development, Exploration
Metals Copper, Cobalt
Market cap A$70m @ 9.6 c
Location Pilbara, Western Australia




Capital Raising and Proposed Reinstatement Update

Receipt of Reinstatement Conditions and Updates


Cyprium Metals Limited (CYM, Cyprium or the Company) is pleased to advise that it has received confirmation from ASX that its securities will, subject to the satisfaction of certain conditions (Conditions), be reinstated to quotation following the voluntary suspension of its securities on 23 February 2023 (Reinstatement).

The Conditions are detailed in the Company’s notice of general meeting released today, 09 August 2023.

Following receipt of the Conditions, the Company wishes to provide the following updates in relation to the Reinstatement process and Capital Raising (defined below):

• Reinstatement1 will now occur following completion of the proposed capital raising,
• the placement to sophisticated and professional investors, in respect of which firm
commitments for $24m have been received (Placement); and
• the pro rata non‐renounceable rights issue to raise up to an additional $5 million
(before costs) (Entitlement Offer),
(together, the Capital Raising).
• To avoid any potential delays with Reinstatement, a transaction specific prospectus for the Entitlement Offer (Prospectus) will now be lodged during the notice period for the general meeting at which all approvals in relation to the Capital Raising will be sought.
• A revised indicative timetable is set out below:


Updated Indicative Timetable

Dispatch of Notice of Meeting 9 August 2023

Date of General Meeting 7 September 2023

Announcement of results of General Meeting 7 September 2023.


To read the full news release, please click HERE




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