BUZZ-Australia's Cyprium Metals jumps on launching entitlement offer at premium

Reuters

2024-12-23

BUZZ-Australia's <a href="https://laohu8.com/S/CYM.AU">Cyprium Metals</a> jumps on launching entitlement offer at premium

** Cyprium Metals CYM.AX gains as much as 9.5% to A$0.023; biggest intraday pct gain since Dec. 5

** Copper developer announces launch of A$3 mln ($1.9 mln) entitlement offer; ~107 mln new shares to be issued under offer

** Issue price of A$0.028 is a 33.3% premium to last close

** Says funds will be used for co's tenement maintenance and geology work

** Stock down 30% this year, as of last close

($1 = A$1.5992)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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