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Copper Search Limited (ASX:CUS)

ALERT: Price-sensitive ASX Announcement for CUS
Current share price for CUS : $0.018 -0.002 (-10%)+
Announcement
Release
28 May 2025 8:53AM
Price at Release
$0.020
Full Release
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Summary
Copper Search Limited (CUS) has announced the successful completion of a placement and a fully underwritten non-renounceable entitlement offer to raise capital. The placement involved the issue of new shares to sophisticated and institutional investors, while the entitlement offer allowed eligible shareholders to subscribe for additional shares. Both fundraising initiatives aim to support the company's exploration activities and general working capital. The announcement details the structure, pricing, and timeline of the offers, as well as the expected impact on the company's capital structure.
Key Points
  • Copper Search Limited completed a successful placement to raise capital.
  • A fully underwritten non-renounceable entitlement offer was launched.
  • Funds raised will support exploration activities and working capital.
  • The placement involved new shares issued to sophisticated and institutional investors.
  • Eligible shareholders were offered the opportunity to subscribe for additional shares.
  • Details of the offer structure, pricing, and timeline were provided.
  • The capital raising will impact the company’s capital structure.
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.