Cyprium Mining Corporation (TSXV:CUG) announced a non-brokered private placement of 4,545,454 common shares at a price of CAD 0.11 per share for gross proceeds of CAD 500,000 on October 16, 2015. The transaction will include participation from certain directors and officers of the company. The transaction is subject to the approval of the TSX Venture Exchange.

The securities issued are subject to a hold period of four months plus one day from the date of closing. The company to close the transaction and the rights acquisition as well as to finalize the proposed Potosi joint venture by the end of October 2015.