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Cygnus Metals Issues Shares on Option Exercise, Cleansing Notice Filed
Cygnus Metals issued 228,712 shares upon exercise of unlisted options. The company is awaiting assay results from its Chibougamau copper-gold project drill program.
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Cygnus Metals (ASX:CY5, TSXV:CYG, OTCQB:CYGGF) issued 228,712 fully paid ordinary shares on July 14, 2026, following the exercise of unlisted options. Two tranches were exercised: 182,970 options at C$0.0547 each, expiring April 2029, and 45,742 options at C$0.1093 each, expiring May 2028.
The shares were issued without disclosure under section 708A(5) of the Corporations Act 2001. Cygnus filed a cleansing notice under section 708A(5)(e), confirming compliance with sections 674 and 674A of the Act and that no excluded information needed to be disclosed.