Arizona Sonoran Copper Company has begun its initial 6 hole drilling campaign at the Parks/Salyer property in Arizona. Located 1.3 miles down trend to the southwest from the Cactus Project on private land, the Company’s 100%-owned Parks/Salyer Project demonstrates the same geological characteristics as the Cactus Project. Parks/Salyer is part of the same high grade porphyry copper system as the Cactus Project and is also [...]
Arizona Sonoran Copper Company announces the first set of drilling results from its 8 initial diamond drill holes for over 2,938 m along the western periphery of the Cactus West pit. The drilling demonstrates continuous leachable mineralization including extensions outwards from the modelled pit shell by at least 61 m. Mineralization from the infill drilling remains open to the west and TABLE 1 below.
Arizona Sonoran Copper Company today announced the successful closing of its initial public offering and secondary offering. An aggregate of 19,066,518 common shares of ASCU at a price of C$2.45 per common share were issued for total gross proceeds C$46,712,969.10, with ASCU and RCF Opportunities Fund receiving gross proceeds of C$45,000,000.15 and C$1,712,968.95, respectively. ASCU will not receive any proceeds from the [...]
Arizona Sonoran Copper announced today it has obtained a receipt for its final prospectus filed with the securities regulatory authorities in each of the provinces and territories of Canada, expect Quebec. The pricing of its initial public offering of 19,066,518 common shares of the Company is at a price of C$2.45 per share. The initial public offering includes a treasury offering of 18,367,347 Common Shares and a [...]
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