On December 2, 2025, Arizona Sonoran Copper Company Inc. completed a bought deal private placement of 25,746,300 common shares at a price of $3.35 per common share for aggregate gross proceeds of approximately $86.3 million, which includes the full exercise of the underwriters’ over-allotment option.
The offering was led by Canaccord Genuity Corp., as lead underwriter and sole bookrunner, on behalf a syndicate of underwriters which included Desjardins Securities Inc., Paradigm Capital Inc., Raymond James Ltd., Scotia Capital Inc., Cormark Securities Inc., Haywood Securities Inc., RBC Dominion Securities Inc., and Stifel Nicolaus Canada Inc.
Cassels acted for the underwriters.