Arizona Sonoran Announces Filing of Final Short Form Prospectus in connection with C$30,000,000 Bought Deal Financing

In This Article:

The final short form prospectus is accessible through SEDAR+

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

CASA GRANDE, Ariz. & TORONTO, October 07, 2024--(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 final short form prospectus (the "Prospectus") in connection with its bought deal offering of 20,700,000 common shares in the capital of the Company (the "Common Shares") at a price of C$1.45 per Common Share (the "Issue Price") for gross proceeds to the Company of C$30,015,000 (the "Offering"), as further described in the press releases of the Company dated September 24, 2024 and September 27, 2024. Pursuant to the Offering, the Company also granted the underwriters an over-allotment option to purchase at the Issue Price up to an additional 15% 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 until and including 30 days after the closing of the Offering.

In connection with the Offering, the Company has entered into an underwriting agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters including Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. and TD Securities 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+ (www.sedarplus.ca) under the Company’s issuer profile.

An electronic or paper copy of the Prospectus and any amendment may be obtained, without charge, from Raymond James Ltd. by email at [email protected] by providing Raymond James Ltd. with an email 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.

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.