Ms. Stacey Pavlova reports
FARADAY COPPER UPSIZES FINANCING TO C$45 MILLION
Due to strong institutional investor demand, Faraday Copper Corp. has entered into an agreement with Ventum Financial Corp. as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, to increase the company's previously announced brokered and non-brokered financing of common shares of the company from $30,000,080 to up to $45,023,000. For further details refer to the company's news release dated July 14, 2025.
Brokered private placement
Pursuant to the amended terms of the financing, the brokered private placement will consist of an aggregate of 22.73 million common shares on a bought deal private placement basis, at a price of $1.10 per common share for aggregate gross proceeds of $25,003,000, excluding additional proceeds raised from the exercise of the underwriters' option (defined in the company's news release dated July 14, 2025).
Non-brokered private placement
The company will increase the size of the non-brokered private placement, which will consist of up to 18.2 million additional common shares at the offering price to raise up to $20.02-million.
In all other respects, the terms of the brokered offering and non-brokered offering remain as previously disclosed in the company's news release dated July 14, 2025, related to this financing, a copy of which is available on the company's website and SEDAR+.
About Faraday Copper Corp.
Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, United States. The Copper Creek project is one of the largest undeveloped copper projects in North America with significant district-scale exploration potential. The company is well financed to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise.
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