--News Direct--
Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) MD Barry Cahill tells Proactive the company has raised $35 million through a two-tranche placement of 318,636,364 fully paid ordinary shares to sophisticated and institutional investors at $0.11 per share. He says the commitments received form part of the finance package for the restart of the Nifty Copper Project. Cyprium will use $20 million of funds raised to finance the restart, which aims to provide a sustainable, secure and stable supply of copper metal at 25,000 tonnes per annum.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/cyprium-metals-hails-35-million-raise-to-support-nifty-copper-project-restart-916653287
