Sonoran Desert Copper Corporation Announces Private Placement Financing and New Chief Financial Officer
Sonoran Desert Copper (TSXV: SDCU) has announced two significant developments: the appointment of Nancy Zhao as the new CFO and a non-brokered private placement financing. Zhao brings over nine years of public company experience and holds CPA designation, replacing Edward Low. The financing aims to raise up to $750,000 through the issuance of 500,000 units at $0.15 each. Each unit includes one common share and one warrant exercisable at $0.30 for 24 months, with an acceleration clause if shares trade at or above $1 for 10 consecutive days. Proceeds will fund project payments, development, and working capital.
Sonoran Desert Copper (TSXV: SDCU) ha annunciato due sviluppi significativi: la nomina di Nancy Zhao come nuovo CFO e un'emissione di finanziamento privato non mediato. Zhao porta con sé oltre nove anni di esperienza in aziende pubbliche e possiede la qualifica CPA, sostituendo Edward Low. Il finanziamento mira a raccogliere fino a $750,000 attraverso l'emissione di 500.000 unità a $0.15 ciascuna. Ogni unità include un'azione comune e un warrant esercitabile a $0.30 per 24 mesi, con una clausola di accelerazione se le azioni vengono scambiate a $1 o più per 10 giorni consecutivi. I proventi saranno utilizzati per pagamenti di progetto, sviluppo e capitale di esercizio.
Sonoran Desert Copper (TSXV: SDCU) ha anunciado dos desarrollos significativos: el nombramiento de Nancy Zhao como nueva CFO y un financiamiento privado no mediado. Zhao aporta más de nueve años de experiencia en empresas públicas y tiene la designación de CPA, reemplazando a Edward Low. El financiamiento tiene como objetivo recaudar hasta $750,000 mediante la emisión de 500,000 unidades a $0.15 cada una. Cada unidad incluye una acción común y un warrant ejercitable a $0.30 durante 24 meses, con una cláusula de aceleración si las acciones se intercambian a $1 o más durante 10 días consecutivos. Los ingresos se destinarán a pagos del proyecto, desarrollo y capital de trabajo.
소노란 사막 구리 (TSXV: SDCU)가 두 가지 중요한 발전 사항을 발표했습니다: 낸시 자오를 새로운 CFO로 임명하고 비중개 개인 투자 유치를 결정했습니다. 자오는 공기업에서의 9년 이상의 경험을 보유하고 있으며 CPA 자격을 가지고 있으며, 에드워드 로우를 대체합니다. 이번 투자유치로 $750,000까지 자금을 마련할 계획이며, 500,000개의 유닛을 각각 $0.15에 발행합니다. 각 유닛은 한 주식과 24개월 동안 $0.30에 행사 가능한 하나의 워런트를 포함하며, 주가가 10일 연속으로 $1 이상 거래될 경우 가속 조항이 적용됩니다. 수익금은 프로젝트 비용, 개발 및 운영 자금으로 사용됩니다.
Sonoran Desert Copper (TSXV: SDCU) a annoncé deux développements significatifs : la nomination de Nancy Zhao en tant que nouvelle CFO et un financement privé non intermédié. Zhao possède plus de neuf ans d'expérience dans des entreprises publiques et détient la désignation CPA, remplaçant Edward Low. Le financement vise à lever jusqu'à $750,000 par l'émission de 500 000 unités à $0.15 chacune. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à $0.30 pendant 24 mois, avec une clause d'accélération si les actions sont échangées à $1 ou plus pendant 10 jours consécutifs. Les fonds seront utilisés pour des paiements de projet, le développement et le fonds de roulement.
Sonoran Desert Copper (TSXV: SDCU) hat zwei bedeutende Entwicklungen angekündigt: die Ernennung von Nancy Zhao zur neuen CFO und eine nicht vermittelte Privatplatzierung. Zhao bringt über neun Jahre Erfahrung in börsennotierten Unternehmen mit und hat die CPA-Qualifikation, sie ersetzt Edward Low. Die Finanzierung zielt darauf ab, bis zu $750,000 durch die Ausgabe von 500.000 Einheiten zu einem Preis von $0.15 zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Warrant, der über 24 Monate zu $0.30 ausgeübt werden kann, mit einer Beschleunigungsklausel, falls die Aktien 10 aufeinanderfolgende Tage lang bei oder über $1 gehandelt werden. Die Einnahmen werden für Projektzahlungen, Entwicklung und Betriebskapital verwendet.
- Secured potential funding of $750,000 through private placement
- Appointed experienced CFO with public company and CPA background
- Potential shareholder dilution through new share issuance
- Four-month hold period on new securities restricts immediate trading
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU) ("SDCU'' or the "Company") is pleased to announce the appointment Nancy Zhao as the new chief financial officer (CFO) of the Company.
Ms. Zhao has over nine years of experience working with public companies, including having served as the CFO for several publicly traded entities and contributing her financial acumen to organizations such as Homerun Resources Inc., First Hydrogen Corp. and Neo Battery Materials Ltd. Holding the designation of CPA, Ms. Zhao has a comprehensive educational background, including a diploma in financial management from British Columbia Institute of Technology, and a bachelor's degree in chemical engineering from Tianjin University of Technology. The Company wishes to thank Edward Low for his years of professional service on behalf of the Company and welcomes Nancy to the team and looks forward to building the Company under her financial and accounting guidance. Nancy has both a professional and educational history that will provide a new focus on building the requisite systems that are key in today's capital markets and financial reporting.
The Company also announces a non-brokered private placement financing for aggregate gross proceeds of up to
ABOUT SONORAN DESERT COPPER CORPORATION
Sonoran Desert Copper Corporation is focused on securing, developing and monetizing materials assets and technologies to build shareholder value.
On behalf of the Board of Directors of
SONORAN DESERT COPPER CORPORATION
"Brian Leeners"
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-Looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230694
FAQ
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