Arizona Sonoran Announces C$75 Million "Bought Deal" Private Placement of Common Shares

Core Points - Arizona Sonoran Copper Company Inc. has entered into an agreement with Canaccord Genuity Corp. for a bought-deal private placement of 22,388,100 common shares at C$3.35 per share, resulting in gross proceeds of C$75,000,135 [1][2] - The underwriters have an option to purchase an additional 3,358,200 common shares at the same offering price, potentially raising up to C$11,249,970 [2] - The net proceeds will be allocated for early development activities at the Cactus Project, as well as for working capital and general corporate purposes [2] Offering Details - The common shares will be offered on a private placement basis under available exemptions from the prospectus requirement in Canada, excluding Quebec [3] - The anticipated closing date for the offering is around December 2, 2025, subject to regulatory approvals, including conditional approval from the Toronto Stock Exchange [3] - The securities issued will be subject to a hold period of four months and one day from the closing date in accordance with Canadian securities laws [3] Company Overview - Arizona Sonoran Copper Company's objective is to become a mid-tier copper producer with low operating costs, focusing on the Cactus and Parks/Salyer Projects to generate robust returns for investors [5] - The principal asset is a 100% interest in the Cactus Project, located in an infrastructure-rich area of Arizona, which is contiguous to the Parks/Salyer deposit [5] - The company is led by an experienced management team with a strong track record in project delivery and capital markets expertise [5]