Arizona Sonoran (TSX:ASCU) announces C$30M bought deal financing

Arizona Sonoran has announced a bought-deal offering of common shares for gross proceeds of C$ 30,000,000 The underwriters have agreed to purchase 15,000,000 common shares at a price of C$ 2.00 per share Net proceeds will be used for exploration and development at the company’s Cactus Mine Project in Arizona Arizona Sonoran Copper is a mineral exploration company Arizona Sonoran Copper Company Inc. (ASCU) opened trading at C$ 2.11

Arizona Sonoran has announced a bought-deal offering of common shares for gross proceeds of C$ 30,000,000.

Haywood Securities Inc. will act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters. The underwriters have agreed to purchase, on a bought-deal basis, 15,000,000 common shares at a price of C$ 2.00 per share.

The underwriters have been granted an over-allotment option.

The net proceeds will be used for exploration and development at the company’s Cactus Mine Project in Arizona and for general working capital and corporate purposes.

The offering is scheduled to close on or about February 16, 2023, subject to the receipt of all necessary regulatory and other approvals.

Arizona Sonoran Copper is a mineral exploration company.

Arizona Sonoran Copper Company Inc. (ASCU) opened trading at C$ 2.11.

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Arizona Sonoran (TSX:ASCU) announces CM bought deal financing