Cyprium shareprice collapses after financing

Cyprium Metals (ASX: CYM)

Advised that CYM issued ordinary shares have been reinstated to official quotation and will resume trading upon market open today following the confirmation from ASX of the satisfaction of certain conditions for reinstatement to quotation.

The shares subsequently collpapsed from 10c to 4c as shareholders dumped their holdings in response to the deeply discounted placing.  Continue reading

Cyprium Metals announces deeply discounted placement

Cyprium Metals Limited (ASX: CYM)

Announced a capital raising via a placement and a pro rata non‐renounceable rights issue to raise up to approximately $26 million before costs.

The Company has received firm commitments in respect of a placement to issue approximately 139.1 million new shares at 11.5 cents each.  […]  Continue reading

Cyprium Metals Secures a AUD50M Offtake Facility

Cyprium Metals (ASX: CYM)

Announced that it has entered into an exclusive Letter of Intent with Glencore for AUD$50 million in respect of a Copper Cathode Offtake Secured Prepayment Facility which will be used for funding the Nifty Copper, as part of the debt financing for the restart of the Nifty Copper Project, which includes capital expenditure, contingencies, working capital, and financing costs.  […]  Continue reading