Cygnus intends to advance resource evaluation and technical studies following successful A$25m placement

Strong demand from major shareholders saw raising priced at a discount to close of 6%; Three rigs now drilling the Golden Eye gold-copper discovery and major new targets to be tested in the coming quarterChibougamau Copper-Gold Project, Canada Highlights Cygnus has received firm commitments totalling A$25 million via a share Placement to institutional and sophisticated investorsThe Placement was priced at A$0.16 per share, representing a 5.9% discount to the last sale price of A$0.17 per share;