Business
Arizona Sonoran Copper Announces Filing of Preliminary Short Form Prospectus in Connection With C$30,000,000 Bought Deal Financing
CASA GRANDE, Ariz. & TORONTO / Feb 01, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Feb 01, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that it has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 15,000,000 common shares in the capital of the Company (the “Common Shares”) at a price of C$2.00 per Common Share (the “Issue Price”) for gross proceeds to the Company of C$30,000,000 (the “Offering”), as further described in the press release of the Company dated January 25, 2023. In connection with the Offering, the Company has entered into an underwriting agreement with Haywood Securities Inc., as lead underwriter and sole bookrunner, together with a syndicate of underwriters including Canaccord Genuity Corp., Stifel GMP, BMO Capital Markets, CIBC World Markets, Cormark Securities Inc., iA Private Wealth, Raymond James Ltd., RBC Capital Markets, Scotiabank and TD Securities Inc. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities. The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release. About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com) ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community a...