Culpeo Minerals Limited: Proposed Issue of Securities

Culpeo Minerals Limited (ASX: CPO) announced a proposed issue of 53.875 million fully paid ordinary shares at AU$0.04 per share. The proposed issue date is 9 August 2024. The placement includes 38.25 million shares to be issued under existing placement capacities, with the remaining 15.625 million shares subject to shareholder approval at a meeting scheduled for October 2024.

The funds raised will support drilling at Lana Corina and Vista Montana, exploration of the Fortuna Project, project payments for Lana Corina and Fortuna, and general working capital. Unified Capital Partners Pty Ltd and Argonaut Securities Pty Limited are joint lead managers for the placement, earning a 6% fee on funds raised. Further details are available in the ASX announcement dated 2 August 2024.

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