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Culpeo Minerals Limited (ASX:CPO)

ALERT: Price-sensitive ASX Announcement for CPO
Current share price for CPO : $0.018 0.006 (50%)+
Announcement
Release
8 Jul 2026 7:23PM
Price at Release
$0.012
Full Release
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Summary
Culpeo Minerals Limited has issued a replacement prospectus for a pro-rata non-renounceable entitlement issue of up to 198,347,374 new options to raise approximately $595,042. Each option is exercisable at $0.0175 until July 11, 2028, and offered at an issue price of $0.003. This offer replaces an earlier prospectus also dated July 8, 2026. The new options are offered at a ratio of one option for every four shares held, maintaining the current share count of 793,389,496 while increasing options to 455,972,398. Euroz Hartleys Limited is managing the offer, and directors hold substantial interests in the company. The pro-forma balance sheet indicates a positive net asset increase post-offer.
Key Points
  • Non-renounceable entitlement issue of up to 198,347,374 new options.
  • Each option exercisable at $0.0175, expiring July 11, 2028.
  • New options offered at $0.003 per option to raise approximately $595,042.
  • Prospectus replaces the original dated the same day, July 8, 2026.
  • New options ratio is 1 option for every 4 shares held.
  • The offer involves no new shares, keeping shares at 793,389,496 post-offer.
  • Increase in options from 257,625,024 to 455,972,398.
  • Lead manager for the offer is Euroz Hartleys Limited.
  • Directors have substantial interests with specific entitlements in the company.
  • The pro-forma balance sheet reflects a net asset increase post-offer.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.