Cyprium Metals Ltd (CYM.AX) Capital Raising and Proposed Reinstatement Update

Cyprium Metals Limited (ASX:CYM) 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, comprising:

- 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.


To view the revised indicative timetable, please visit:
https://abnnewswire.net/lnk/E850Q77Y

Barry Cahill 
Executive Director
T: +61 8 6374 1550

Wayne Apted 
Chief Financial Officer 
and Company Secretary

Lexi OHalloran
Investor and Media Relations
E: lexi@janemorganmanagement.com.au
T: +61 404 577 076
E: info@cypriummetals.com

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