Cooper Metals completes acquisition issuing 15 million shares

• Cooper Metals finalised the acquisition of a 100% interest in the Pyramid Gold Project in Queensland.
• The company issued 15 million shares to seller AIC Mines alongside raising $102,500 from directors.
• Exploration activities and stakeholder engagement have commenced to prepare for maiden drilling plans.

Cooper Metals (ASX:CPM) has completed the acquisition of a 100% interest in the Pyramid Gold Project in Queensland.

The asset lies within the Drummond Basin, a region with a known gold endowment exceeding 5 million ounces.

"We are pleased to complete this acquisition with AIC Mines (ASX:A1M) and we welcome them as a new substantial shareholder of the company," said Cooper Metals Executive Director Tim Armstrong.

To settle the deal, Cooper Metals issued 15 million 12-month escrowed shares to seller AIC Mines (ASX:A1M).

Following the announcement, the Cooper Metals share price was unchanged at $0.058.

Historical drilling at the property previously returned high-grade intercepts, including 8m at 7.31 grammes per tonne of gold.

The company stated that field activities and stakeholder engagement are underway to fast-track its upcoming drilling programme.