Exchange Bulletin
Arizona Sonoran Copper Company Inc. (ASCU) To Trade On Toronto Stock Exchange
November 12, 2021
| Issuer: | Arizona Sonoran Copper Company Inc. (the "Company") |
| Security: | Common shares (the "Shares") |
| Symbols: | ASCU |
| Issue price per security: | $2.45 per share |
| Number of securities issued and outstanding: | 69,766,408 |
| Number of securities reserved for issuance: | 16,400,928 |
| Listing category: | Mining, Non-Exempt |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Shares (the "Offering") |
| Listing date: | November 15, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | November 16, 2021 (prior to the opening) |
| Posted for trading date: | November 16, 2021 (at the opening) subject to confirmation of closing of the Offering |
| Other market(s): | None |
| Temporary market maker: | W.D. Latimer Co. Ltd. |
| Security ownership registration: | Non-certificated inventory system administered by CDS |
| Investor relations: | Alison Dwoskin Director, Investor Relations (520) 858-0600 Email: adwoskin@arizonasonoran.com |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company's principal business objectives are the identification, acquisition, exploration, development and production of base metal properties in geographic regions known to have low geopolitical risk. The Company is currently in the exploration and development phase. The Company's principal asset is a 100% interest in the Cactus Project located in Pinal County, Arizona. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | The Company does not currently anticipate paying dividends on the Shares in the foreseeable future. |
| Sponsorship: | Waived |
| Offering document: | Prospectus dated November 8, 2021, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| Initial public offering: | 18,367,347 Shares are being offered to the public from treasury at a price of $2.45 per share (the "Offering Price"), for gross proceeds of approximately $45 million (assuming the over-allotment option is not exercised). The underwriters have been granted an over-allotment option to purchase up to an additional 1,377,551 Shares from treasury at the Offering Price. In addition, the Selling Securityholder is offering 699,171 Shares on a secondary basis at the Offering Price and the underwriters have been granted an over-allotment option to purchase from the Selling Securityholder up to an additional 1,377,551 Shares at the Offering Price. The offering is being underwritten by RBC Dominion Securities Inc. and Haywood Securities Inc. (the "Co-Lead Underwriters"), and a syndicate of underwriters which includes Canaccord Genuity Corp., Cormark Securities Inc., Stifel Nicolaus Canada Inc., Beacon Securities Limited and Paradigm Capital Inc. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |
