Cooper Metals (ASX: CPM) Loyalty Options Offer: What Shareholders Need to Know

July 11, 2024 01:59 PM AEST | By Sonal Goyal

Recent News

Entertainer Tori Martin Gets 'Lost In The Country' In New Music Video

TECNO Wins Two Gold Awards at Global Product Technology Innovation Awa...

Melbourne Asphalts and Bitumen Expands Service Offerings for Melbourne...

Come to RE+2024 to discover the cutting-edge energy solutions of tomor...

Highlights

CPM announced an entitlement issue of loyalty options, offering one option for every 10 shares held by eligible shareholders on 22 July 2024.

The offer is expected to raise approximately AU$23,507 before costs by issuing over 7.83 million loyalty options.

Funds raised from the offer will cover the costs associated with the loyalty offer.

Cooper Metals Limited (ASX:CPM) is launching a pro-rata non-renounceable entitlement issue of loyalty options to recognise the support of its shareholders. Eligible shareholders as of 22 July 2024 will receive one loyalty option for every 10 shares held.

Each loyalty option will be priced at AU$0.003 and will expire on 24 November 2026, with an exercise price set at AU$0.25 per option.

Approximately 7.83 million loyalty options are expected to be issued, raising nearly AU$23,507 (before costs). The proceeds from this initiative will cover the expenses associated with the loyalty offer.

Prenzler Group Pty Ltd has been appointed as the lead manager for the loyalty offer and will receive 1 million options under the same terms as offered to shareholders.

CPM shares were trading at AU$0.065 apiece at the time of writing on 11 July 2024.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.