Mr. George Ogilvie reports
ARIZONA SONORAN ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS IN CONNECTION WITH C$45,000,000 BOUGHT DEAL FINANCING
Arizona Sonoran Copper Company Inc. has filed and been receipted for a final short form prospectus in connection with its bought deal offering of 22.5 million common shares in the capital of the company at a price of $2 per common share for gross proceeds to the company of $45-million, as further described in the press release of the company dated
June 2, 2025. Pursuant to the offering, the company also granted the underwriters an overallotment option to purchase at the issue price up to an additional 15 per cent of the common shares issued in connection with the offering, which option is exercisable, in whole or in part, by the underwriters at any time up to and including 30 days after the closing of the offering. The underwriters have exercised the overallotment option in full.
In connection with the offering, the company has entered into an underwriting agreement with Scotia Capital Inc., as sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp., Paradigm Capital Inc., Raymond James Ltd., Haywood Securities Inc., RBC Dominion Securities Inc. and Stifel Nicolaus Canada Inc.
Delivery of the prospectus and any amendment will be satisfied in accordance with the access equals delivery provisions of applicable securities legislation. The prospectus is accessible on SEDAR+ under the company's issuer profile.
An electronic or paper copy of the prospectus and any amendment may be obtained, without charge, from Scotia Capital by e-mail at equityprospectus@scotiabank.com by providing Scotia Capital with an e-mail address or address, as applicable. The prospectus contains important, detailed information about the company and the offering. Prospective investors should read the prospectus before making an investment decision.
The offering is subject to certain conditions, including, but not limited to, the approval of the Toronto Stock Exchange.
About Arizona Sonoran Copper Company Inc.
Arizona Sonoran is a copper exploration and development company with a 100-per-cent interest in the brownfield Cactus project. The project, on privately held land, contains a large-scale porphyry copper resource and a recent 2024 preliminary economic assessment proposes a generational open-pit copper mine with robust economic returns. Cactus is a lower-risk copper developer benefiting from a state-led permitting process, in-place infrastructure, highways and rail lines at its doorstep, and on-site permitted water access. The company's objective is to develop Cactus and become a mid-tier copper producer with low operating costs that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The company is led by an executive management team and board which have a long-standing record of successful project delivery in North America complemented by global capital market expertise.
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