COY: COMPLETION OF PLACEMENT

Coppermoly Limited (ASX:COY) has announced that it has received funds of $6.062 million pursuant to the  Placement Agreement with Shanghai Fuyuan Investment Co Limited (SFIL) that was announced on 30 May 2019. Under the Placement Agreement SFIL has subscribed for 404,170,658 fully paid ordinary shares (Placement Shares) at an issue price of $0.015 per share.

The full announcement can be accessed via the below link:

 

2019 05 30 ASX Release – Completion of Placement – ASX Lodged

ASX Announcement (ASX:COY) 30 May 2019

Coppermoly Limited (ASX:COY) has entered into a Placement Agreement with Shanghai Fuyuan Investment Co Limited (SFIL) pursuant to which SFIL has subscribed for up to 404,170,658 fully paid ordinary shares (Placement Shares) in the Company to raise up to $6.062 million. The issue price for the Placement Shares is $0.015.

 

Completion of the Placement and the issuance of the Placement Shares is subject to SFIL obtaining any necessary governmental or regulatory approvals required in connection with the Placement pursuant to any requirement of the Peoples Republic of China (China) on or before 5.00pm AEST on 31 July 2019.

2019 05 30 ASX Release – Completion of Private Placement

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