Brief: Cygnus Metals Announces Copper Merger And Equity Raise

Cygnus Metals

15/10/2024 01:32

Oct 15 (Reuters) - Cygnus Metals Ltd  CY5.AX :
    * COPPER MERGER AND EQUITY RAISE
    * AGREES TO MERGE WITH DORÉ COPPER MINING CORP
    * INTENDS TO RAISE UP TO A$11M AT A$0.072 PER SHARE
    * WILL ACQUIRE 100% OF ISSUED AND OUTSTANDING COMMON SHARES
OF
DORÉ COPPER MINING
    * CYGNUS SHAREHOLDERS WILL OWN 55% OF MERGED GROUP AND DORÉ
SHAREHOLDERS WILL OWN 45%

Further company coverage:  CY5.AX 

 ((Reuters.Briefs@thomsonreuters.com;))