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Arizona Sonoran Copper Co Inc

12:27 PM EST - Arizona Sonoran Copper Co Inc : Announces that it has closed its previously announced bought deal financing of 15,000,000 common shares in the capital of the Company at a price of C$2.00 per Common Share, for gross proceeds to the Company of C$30,000,000, The net proceeds from the Offering will be used for exploration and development at the Company’s Cactus Mine Project located in Arizona, and for general working capital and corporate purposes, Arizona Sonoran Copper Co Inc shares T.ASCU are trading up $0.02 at $1.91.