on Faraday Copper Corp. (isin : CA2176212009)
Faraday Copper Announces Closing of C$23 Million Bought Deal Financing
Faraday Copper Corp. has successfully closed its previously announced bought deal financing, raising C$23 million. The offering included the full exercise of the underwriters' over-allotment option, resulting in the sale of 28,750,000 common shares at C$0.80 per share.
President and CEO Paul Harbidge expressed satisfaction with the strong institutional support and key partners, including the Lundin family, Murray Edwards, and Pierre Lassonde.
The offering, underwritten by Ventum Financial Corp., Canaccord Genuity Corp., and TD Securities Inc., was completed via a prospectus supplement dated May 24, 2024. Funds will be used to advance the Copper Creek Project in Arizona and for general corporate purposes.
Common shares have received conditional approval for listing on the Toronto Stock Exchange. The offering remains subject to final approvals.
R. E.
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