Arizona Sonoran arranges $75M bought deal offering

Executive Summary

• Arizona Sonoran Copper Company Inc. has entered into a bought deal private placement agreement with Canaccord Genuity Corp. to raise gross proceeds of $75,000,135.
• The company issued 22,388,100 common shares at a price of $3.35 per share.
• Proceeds are designated for early development activities at the Cactus project, working capital, and general corporate purposes.

Key Details

• Transaction Structure: Bought deal private placement of common shares.
• Underwriter: Canaccord Genuity Corp., on behalf of a syndicate of underwriters.
• Share Quantity: 22,388,100 common shares issued.
• Offering Price: $3.35 per common share.
• Gross Proceeds: $75,000,135.
• Over-Allotment Option: Underwriters granted an option to purchase up to an additional 3,358,200 common shares at $3.35 per share, providing additional gross proceeds of up to $11,249,970.
• Option Expiry: The over-allotment option is exercisable in whole or in part up to 48 hours prior to the closing of the offering.
• Use of Proceeds: Early development activities at the Cactus project, working capital, and general corporate purposes.
• Regulatory Status: Subject to applicable regulatory approvals, including conditional approval of the Toronto Stock Exchange.
• Closing Date: Anticipated on or about December 2, 2025.
• Hold Period: Securities are subject to a hold period of four months and one day from the closing date in accordance with Canadian securities laws.
• Jurisdiction: Offered pursuant to exemptions from prospectus requirements in all Canadian provinces except Quebec, and other mutually agreed jurisdictions.