Cyprium Metals (ASX:CYM) Announces Entitlement Offer Results
Entitlement Offer Closure
Cyprium Metals closed its pro rata non-renounceable Entitlement Offer on 3 February 2025, raising A$1,527,713.84 before costs from the issuance of 54,561,162 New Shares.
Share Subscriptions
Eligible Shareholders subscribed for 54,561,162 New Shares at an issue price of A$0.028 per share, achieving a take-up rate of 51%. The Top-Up Facility received applications for an additional 24,739,619 New Shares.
Shortfall Shares
A shortfall of 52,419,883 shares remains, which the directors may place at their discretion within three months following the closing date.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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