The Prospector News

Sonoran Desert Copper Corporation Announces the Closing of the $0.10 Unit Financing & Options

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sonoran Desert Copper Corporation Announces the Closing of the $0.10 Unit Financing & Options

 

 

 

 

 

Sonoran Desert Copper Corporation (TSX-V: SDCU)  is pleased to announce that the Company has received approval from the TSX Venture Exchange to close its $0.10 unit private placement financing for aggregate gross proceeds of $1 million.

 

Further, to close the second and final tranche the Company will issue 5,200,000 Units, each Unit consisting of 1 common share of the Company and 1 common share purchase warrant, each warrant being exercisable at $0.15 for 24 months, subject to the right of the Company to accelerate the exercise period to 30 days if, after the expiry of the 4 month hold, shares of the Company close at or above $0.50 for 10 consecutive trading days.

 

Five insiders of the Company have subscribed to the Financing for $358,000 or 3,580,000 Units, that portion of the Financing a “related party transaction” as such term is defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions.  The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company’s market capitalization.

 

All securities issued pursuant to the financing will be subject to a four-month hold. Proceeds from the financing will be used for project payments, continuing development of the company’s projects and general working capital. Finders fees in cash and non-transferable broker warrants, and in accordance with Exchange policies may be paid in relation to the Financing.

 

The Company also announces the issuance of 2,350,000 stock options priced at $0.25 to Officers and Consultants of the Company.

 

ABOUT SONORAN DESERT COPPER CORPORATION

 

Sonoran Desert Copper Corporation is focused on securing, developing and monetizing energy materials assets and technologies to build shareholder value.

Posted July 3, 2025

Share this news article

MORE or "UNCATEGORIZED"


Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp

Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE

July 3, 2025

Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects

Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE

July 3, 2025

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 3, 2025

Dios Sells K2 to Azimut

Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE

July 3, 2025

Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project

Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE

July 3, 2025

Copyright 2025 The Prospector News