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

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Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) has filed a final short form prospectus for its C$30,015,000 bought deal offering. The offering consists of 20,700,000 common shares at C$1.45 per share. An over-allotment option for up to an additional 15% of shares has been granted to the underwriters. The prospectus is available on SEDAR+ and through Raymond James The offering is subject to Toronto Stock Exchange approval.

The underwriting syndicate includes Raymond James and Paradigm Capital Inc. as co-lead underwriters and joint bookrunners, along with Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc., and TD Securities Inc. The securities are not registered under U.S. securities laws and cannot be offered or sold in the United States without exemption.

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) ha presentato un prospetto finale in forma abbreviata per la sua offerta in acquisto di C$30,015,000. L'offerta comprende 20,700,000 azioni comuni a C$1.45 per azione. È stata concessa un'opzione di sovrallocazione fino a un ulteriore 15% delle azioni agli underwriter. Il prospetto è disponibile su SEDAR+ e tramite Raymond James. L'offerta è soggetta all'approvazione della Borsa di Toronto.

Il sindacato di sottoscrittori include Raymond James e Paradigm Capital Inc. come co-guidatori e bookrunners congiunti, insieme a Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. e TD Securities Inc. I titoli non sono registrati ai sensi delle leggi sui titoli degli Stati Uniti e non possono essere offerti o venduti negli Stati Uniti senza esenzione.

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) ha presentado un prospecto final en forma corta para su oferta de compra de C$30,015,000. La oferta consiste en 20,700,000 acciones comunes a C$1.45 por acción. Se ha otorgado una opción de sobreasignación por hasta un 15% adicional de las acciones a los suscriptores. El prospecto está disponible en SEDAR+ y a través de Raymond James. La oferta está sujeta a la aprobación de la Bolsa de Valores de Toronto.

El sindicato de suscripción incluye a Raymond James y Paradigm Capital Inc. como co-lideres y bookrunners conjuntos, junto con Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. y TD Securities Inc. Los valores no están registrados bajo las leyes de valores de EE. UU. y no pueden ser ofrecidos o vendidos en los Estados Unidos sin exención.

아리조나 소노란 구리 회사(Arizona Sonoran Copper Company Inc. )(TSX:ASCU | OTCQX:ASCUF)는 C$30,015,000의 매매 계약 형식의 최종 설명서를 제출했습니다. 이 제안은 20,700,000개의 보통주C$1.45 per share의 가격으로 포함합니다. 언더라이터에게 최대 15%의 추가 주식에 대한 과다배정 옵션이 제공되었습니다. 설명서는 SEDAR+와 Raymond James를 통해 제공됩니다. 이 제안은 토론토 증권 거래소의 승인을 받아야 합니다.

인수단에는 Raymond James와 Paradigm Capital Inc.가 공동 리드 언더라이터 및 공동 북런너로 포함되며, Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. 및 TD Securities Inc.와 함께합니다. 이 증권은 미국 증권법에 등록되어 있지 않으며 면제 없이 미국에서 제공되거나 판매될 수 없습니다.

La Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) a déposé un prospectus final en forme abrégée pour son offre de C$30,015,000. L’offre consiste en 20,700,000 actions ordinaires au prix de C$1.45 par action. Une option de surallocation pour jusqu'à 15% d'actions supplémentaires a été accordée aux souscripteurs. Le prospectus est disponible sur SEDAR+ et par l'intermédiaire de Raymond James. L’offre est soumise à l'approbation de la Bourse de Toronto.

Le syndicat de souscription comprend Raymond James et Paradigm Capital Inc. en tant que co-leaders et bookrunners conjoints, ainsi que Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. et TD Securities Inc. Les titres ne sont pas enregistrés en vertu des lois sur les valeurs mobilières des États-Unis et ne peuvent être offerts ou vendus aux États-Unis sans exemption.

Die Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) hat ein finales Kurzprospekt für ihr C$30,015,000 Kaufangebot eingereicht. Das Angebot umfasst 20,700,000 Stammaktien zu C$1.45 pro Aktie. Den Underwritern wurde eine Überzeichnungsoption von bis zu 15% zusätzlicher Aktien gewährt. Das Prospekt ist auf SEDAR+ und über Raymond James erhältlich. Das Angebot unterliegt der Genehmigung der Toronto Stock Exchange.

Das Underwriting-Konsortium umfasst Raymond James und Paradigm Capital Inc. als Co-Leitung und gemeinsame Hauptbücher, zusammen mit Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. und TD Securities Inc. Die Wertpapiere sind nicht gemäß den US-Wertpapiergesetzen registriert und dürfen ohne Ausnahme nicht in den Vereinigten Staaten angeboten oder verkauft werden.

Positive
  • Secured C$30,015,000 in financing through a bought deal offering
  • Potential for additional capital through 15% over-allotment option
Negative
  • Potential dilution of existing shareholders due to new share issuance

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--(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 ECM-Syndication@raymondjames.ca 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.

Neither the Toronto Stock Exchange nor the regulating authority has approved or disproved the information contained in this press release.

About Arizona Sonoran Copper Company (www.arizonasonoran.com | www.cactusmine.com)
ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company’s principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.

Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the receipt of regulatory approvals, and the future plans or prospects of the Company. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: risks relating to the ability of the parties to complete the Offering on the terms described in this news release or timing currently expected, or at all, market conditions, future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory approvals.

Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual information form and management’s discussion and analysis which is available on SEDAR+ at www.sedarplus.ca.

For more information

Alison Dwoskin, Director, Investor Relations

647-233-4348

adwoskin@arizonasonoran.com

George Ogilvie, President, CEO and Director

416-723-0458

gogilvie@arizonasonoran.com

Source: Arizona Sonoran Copper Company Inc.

FAQ

What is the size of Arizona Sonoran Copper Company's (ASCUF) recent bought deal offering?

Arizona Sonoran Copper Company's recent bought deal offering is for C$30,015,000, consisting of 20,700,000 common shares priced at C$1.45 per share.

Who are the lead underwriters for Arizona Sonoran Copper Company's (ASCUF) offering?

The co-lead underwriters and joint bookrunners for the offering are Raymond James and Paradigm Capital Inc.

What is the over-allotment option in Arizona Sonoran Copper Company's (ASCUF) offering?

The company granted the underwriters an over-allotment option to purchase up to an additional 15% of the Common Shares at the issue price, exercisable within 30 days after the closing of the offering.

Where can investors access the prospectus for Arizona Sonoran Copper Company's (ASCUF) offering?

The final short form prospectus is accessible on SEDAR+ (www.sedarplus.ca) under the company's issuer profile and can also be obtained from Raymond James by email.

ARIZONA SONORAN COPPER CO

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