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 (ASX: CYM)
Advised it has secured an 18-month, A$21.0 million1 equivalent USD-denominated secured loan facility with Nebari Natural Resources Credit Fund II, LP. Continue reading
Cyprium Metals (ASX: CYM)
Provided the following update in relation to its funding requirements and the commencement of a strategic review.
Cyprium has entered into a Secured Loan Deed for $6 million, and is undertaking a full strategic review of all assets. Continue reading
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.
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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 (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
