Australia's Culpeo Minerals surges on securing funding for Chile prospects

Culpeo Minerals

06/07/2022 02:22

** Shares of copper explorer Culpeo Minerals  CPO.AX  climb as
much as 10.6% to A$0.260, gaining for a third-straight session 
    ** Co says it has entered an at-the-market subscription
agreement with funding provider Acuity Capital  urn:newsml:reuters.com:*:nFWN2YM0JF
    ** Says deal provides co with up to A$3 mln ($2.04 mln)
standby equity capital over the coming 25 months for financing
exploration activities at its mining projects in Chile 
    ** Stock up 42.4% this year, as of last close, vs a 10.9%
decrease in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.4691 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))