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.