Faraday Copper Secures C$20M in Financing
Company Announcements

Faraday Copper Secures C$20M in Financing

Faraday Copper (TSE:FDY) has released an update.

Faraday Copper Corp. is set to strengthen its financial position through a C$20 million bought deal financing, underwritten by a syndicate including Ventum Financial Corp, Canaccord Genuity Corp., and TD Securities Inc. The deal involves the sale of 25 million common shares at C$0.80 each, with an option for underwriters to purchase an additional 3.75 million shares. The proceeds are earmarked for the exploration and development of Faraday’s Copper Creek Project in Arizona, as well as for general working capital.

For further insights into TSE:FDY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskFaraday Copper Reports Strong Drilling and Financing
Howard KimFDY Earnings this Week: How Will it Perform?
TipRanks Canadian Auto-Generated NewsdeskFaraday Copper Reports Promising Drill Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App