Arizonan Sonoran Announces $25 Million Bought Deal Public Offering of Common Shares

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TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Arizona Sonoran Copper Company Inc. (“Arizona Sonoran” or the “Company”) (TSX:ASCU) is pleased to announce that it has entered into an agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 17,241,400 common shares (the “Common Shares”) of the Company at a price of C$1.45 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of approximately C$25 million (the “Offering”).

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