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
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 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