Arizona Sonoran Announces Upsize to Bought Deal Public Offering to $30 Million

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TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Arizona Sonoran Copper Company Inc. (“Arizona Sonoran” or the “Company”) (TSX:ASCU) is pleased to announce that the Company has entered into an amending 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") to increase the size of its previously announced equity offering. The Underwriters have agreed to purchase, on a bought deal basis from the Company, a total of 20,700,000 common shares of Arizona Sonoran ("Common Shares") at a price of $1.45 per Common Share for aggregate gross proceeds of $30,015,000 (the "Upsized Offering").

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