11:00 AM EST - Arizona Sonoran Copper Company Inc. : Has closed a non-brokered private placement financing in respect of the exercise by Nuton LLC of its pre-emptive rights under its Investor Rights Agreement. Pursuant to the terms of the investor rights agreement dated May 13, 2022 and as assigned to Nuton on February 9, 2023 Nuton elected to exercise its pre-emptive rights in respect of the Company’s C$30,000,000 bought deal public offering to maintain its 7.2% ownership interest in the Company. Accordingly, Nuton subscribed for 1,229,140 common shares of the Company at a price of $2.00 per Common share for aggregate gross proceeds to the Company of $2,458,280. Arizona Sonoran Copper Company Inc.
shares T.ASCU are trading unchanged at $1.85.
