From GlobeNewswire: 2025-06-26 20:27:00

Cygnus Metals Limited has raised a total of A$18.2 million through the issuance of 211,627,907 fully paid ordinary shares under Tranche 1 of the Placement. An additional 1,162,790 Shares are set to be issued under Tranche 2 to Non-Executive Director Raymond Shorrocks pending shareholder approval. The company also issued 306,129 shares to employees on conversion of vested Performance Rights. Cygnus is currently conducting exploration and drill programs at its Chibougamau Copper-Gold Project in Quebec, awaiting assay results. The Company plans to announce assay results once all data is collated and interpreted, in compliance with disclosure obligations and regulations.



Read more at GlobeNewswire: Issue of Shares and Cleansing Notice