Highlights:
- Cooper Metals Limited successfully listed on the ASX on 19th November 2021
- Oversubscribed IPO completed raising $4,800,000 at 20 cents per share with 40 million issued shares
- Cooper is now well funded to execute its comprehensive copper and gold exploration strategy with projects located in Queensland and Western Australia
- Three highly prospective copper and or gold projects are all in proven mineralised terrains with access to infrastructure
- Cooper’s flagship Mt Isa East Project covers a large ~1,300km2 portion of the Mt Isa Inlier highly prospective for copper and gold mineralisation
- The Mt Isa East Project is complimented by two Western Australian Projects, including the Yamarna Gold Project located along strike from Gold Road’s (ASX: GOR) multi-million-ounce Gruyere gold deposit
Cooper Metals Limited (ASX:CPM) (‘Cooper Metals’, or ‘The Company’), will commence trading on the ASX at 12:00pm (AEDT) following the completion of its $4.8million Initial Public Offering (“IPO”). At the offer price, the Company will have a market capitalisation of ~$8.0million. With the support of Sydney-based Corporate Advisor, Taylor Collison Limited, as Lead Manager on the Raise, the A$4.8 million raising closed with an overwhelming amount of support from the Australian investment community.
Cooper Metals Managing Director, Ian Warland, commented:
“The company’s listing on the ASX today is a significant milestone for the management team and its investors. We are very pleased to announce that the IPO received strong support and ended oversubscribed.”
“Cooper has three exciting Greenfield’s projects which are highly prospective for copper and/or gold, with several targets already identified for follow up exploration. With copper and gold prices at near all-time highs, coupled with Cooper’s modest market capitalisation, the Company’s share price is highly leveraged to any exploration success. We look forward to updating the market on the Company’s exploration progress over the coming weeks.”
This article was sourced from a media release sent by Medianet
