Arizona Sonoran Upsizes Equity Offering to $30M

Arizona Sonoran Copper Co., Inc. (TSE:ASCU) has released an update.

Arizona Sonoran Copper Company Inc. has increased the size of its equity offering to $30 million through a bought deal of common shares, priced at $1.45 each, and has granted an over-allotment option which could raise additional proceeds if fully exercised. This financial move aims to bolster the company’s goal of becoming a mid-tier copper producer and develop its primary Cactus Project along with the Parks/Salyer Projects in Arizona.

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