Cyprium Mining Corporation (TSXV:CUG) announced a placement of up to 3,000,000 units at a price of CAD 0.65 per unit for gross proceeds of up to CAD 195,000 on June 18, 2016. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of CAD 0.10 per common share for two years from date of closing. The transaction is expected to be completed on or before June 30, 2016. The securities being issued are subject to hold period of four months and one day from date of closing. The transaction is subject TSX Venture Exchange approval.