Cygnus Metals issues 1.16M shares to Shorrocks nominee

Executive Summary

• Cygnus Metals Ltd. issued 1,162,790 fully‑paid ordinary shares at A$0.086 each to raise approximately A$100,000 (pre‑costs).
• The issuance was made without disclosure under Section 708A(5) of the Corporations Act and a cleansing notice has been filed in compliance with Sections 708A(6)–(8).
• The company continues its exploration program at the Chibougamau copper‑gold project, with assay results pending.

Key Details

• Shares Issued: 1,162,790 fully paid ordinary shares.
• Issue Price: A$0.086 per share.
• Total Proceeds: Approximately A$100,000 (before costs).
• Recipient: Nominee of non‑executive director Raymond Shorrocks.
• Regulatory Compliance: Issued without disclosure under Part 6D.2; cleansing notice filed pursuant to Sections 708A(5)–(8) of the Corporations Act 2001 (Cth).
• Shareholder Approval: Approved at the general meeting on 20 Aug 2025 following ASX announcement on 20 Jun 2025.
• Ongoing Operations: Continued exploration and drilling at the Chibougamau copper‑gold project in Quebec; assay results are awaited and will be announced when ready.

Notable Quotes

(No direct quotes were provided in the release.)