It might help with the discussion here by putting all...

It might help with the discussion here by putting all Announcements in relation to the financing package together. It is worth noting that both Pareto Securities and Transamine SA are Nordic firms.

21 Feb 23

Trading Halt

Cyprium Metals Limited (ASX: CYM) (the “Company”) hereby requests the ASX to grant an immediate Trading Halt in its securities pending an announcement regarding an update to the financing of the Nifty Copper Project Restart and provides the following information in relation to ASX Listing Rule 17.1:

6 Feb 23

A$35M Placement to Support Nifty Project Restart

Firm commitments received for a Placement of 318.6 million shares at $0.11 per share to raise A$35 million (before costs)

“(a) Tranche 1: 182,549,575 Shares to be issued under the Company’s existing placement capacities (109,529,745 Shares under Listing Rule 7.1, and 73,019,830 Shares under Listing Rule 7.1A); and ……

Settlement of the Tranche 1 Placement is conditional upon receipt of binding commitments in relation to the Senior Secured Bond Issue (refer to CYM ASX announcement dated 16 January 2023, “Senior Secured Bond Issue Investor Calls Commencing for Nifty Copper Project Restart”) with settlement of Tranche 1 to occur by 28 February 2023.”

16 Jan 23

Senior Secured Bond Issue Investor Calls Commencing for Nifty Copper Project Restart

“We are very pleased to have finalised due diligence and documentation to commence fixed income investor calls for a contemplated Senior Secured Bond Issue with Pareto Securitiesas the manager. The contemplated Bond Issue is part of the full finance package for the restart of the Nifty Copper Project. The restart project economics remain very robust and are further enhanced based on current copper prices of around AUD13,000 per tonne. These copper prices are AUD1,000 per tonne higher than used in the Nifty Copper Project Restart Study……”

22 Dec 22

USD35M Offtake Prepayment Facility for Nifty Restart Project

• An exclusive Term Sheet for a Secured Copper Cathode Prepayment Facility has been agreed with Transamine SA, under which:

o Offtake arrangement for 100% of the Copper Cathode produced during Phase 1 of the Nifty Copper Project Restart, expected to be over 140,000 tonnes

o USD35M Secured Offtake Prepayment Facility

• The Secured Offtake Prepayment Project Funding fromTransamine SA is part of a total debt funding package for the Nifty Copper Project Restart