Sonoran Desert Copper Corporation has successfully closed the first tranche of its private placement financing, raising $480,000 through the issuance of 4.8 million Units at $0.10 per Unit. Each Unit comprises one common share and one warrant exercisable at $0.15 for 24 months, with an acceleration clause if shares trade above $0.50 for 10 consecutive days. Notably, four insiders participated in the financing, contributing $213,000 for 2.13 million Units. The company plans to use the proceeds for project payments, development initiatives, and working capital. The remaining financing is expected to close by June 30, 2025. Securities issued are subject to a four-month hold period.
Sonoran Desert Copper Corporation ha completato con successo la prima tranche del suo finanziamento tramite collocamento privato, raccogliendo 480.000 dollari attraverso l'emissione di 4,8 milioni di unit脿 a 0,10 dollari ciascuna. Ogni unit脿 comprende un'azione ordinaria e un warrant esercitabile a 0,15 dollari per 24 mesi, con una clausola di accelerazione se le azioni vengono scambiate sopra i 0,50 dollari per 10 giorni consecutivi. 脠 importante sottolineare che quattro insider hanno partecipato al finanziamento, investendo 213.000 dollari per 2,13 milioni di unit脿. La societ脿 prevede di utilizzare i proventi per pagamenti di progetto, iniziative di sviluppo e capitale circolante. Il finanziamento residuo dovrebbe concludersi entro il 30 giugno 2025. I titoli emessi sono soggetti a un periodo di blocco di quattro mesi.
Sonoran Desert Copper Corporation ha cerrado con 茅xito la primera fase de su financiamiento mediante colocaci贸n privada, recaudando 480,000 d贸lares a trav茅s de la emisi贸n de 4.8 millones de unidades a 0.10 d贸lares cada una. Cada unidad consta de una acci贸n com煤n y un warrant ejercitable a 0.15 d贸lares durante 24 meses, con una cl谩usula de aceleraci贸n si las acciones se cotizan por encima de 0.50 d贸lares durante 10 d铆as consecutivos. Cabe destacar que cuatro personas internas participaron en la financiaci贸n, aportando 213,000 d贸lares por 2.13 millones de unidades. La compa帽铆a planea usar los fondos para pagos de proyectos, iniciativas de desarrollo y capital de trabajo. Se espera que el financiamiento restante se cierre antes del 30 de junio de 2025. Los valores emitidos est谩n sujetos a un per铆odo de retenci贸n de cuatro meses.
Sonoran Desert Copper Corporation a r茅ussi 脿 cl么turer la premi猫re tranche de son financement par placement priv茅, levant 480 000 dollars gr芒ce 脿 l鈥櫭﹎ission de 4,8 millions d鈥檜nit茅s 脿 0,10 dollar chacune. Chaque unit茅 comprend une action ordinaire et un bon de souscription exer莽able 脿 0,15 dollar pendant 24 mois, avec une clause d鈥檃cc茅l茅ration si les actions se n茅gocient au-dessus de 0,50 dollar pendant 10 jours cons茅cutifs. Notamment, quatre initi茅s ont particip茅 au financement, apportant 213 000 dollars pour 2,13 millions d鈥檜nit茅s. La soci茅t茅 pr茅voit d鈥檜tiliser les fonds pour les paiements de projets, les initiatives de d茅veloppement et le fonds de roulement. Le reste du financement devrait se cl么turer d鈥檌ci le 30 juin 2025. Les titres 茅mis sont soumis 脿 une p茅riode de blocage de quatre mois.
Die Sonoran Desert Copper Corporation hat die erste Tranche ihrer Privatplatzierungsfinanzierung erfolgreich abgeschlossen und dabei 480.000 US-Dollar durch die Ausgabe von 4,8 Millionen Einheiten zu je 0,10 US-Dollar eingenommen. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der f眉r 24 Monate zu 0,15 US-Dollar ausge眉bt werden kann, mit einer Beschleunigungsklausel, falls die Aktien an 10 aufeinanderfolgenden Tagen 眉ber 0,50 US-Dollar gehandelt werden. Bemerkenswert ist, dass vier Insider an der Finanzierung teilnahmen und 213.000 US-Dollar f眉r 2,13 Millionen Einheiten beisteuerten. Das Unternehmen plant, die Erl枚se f眉r Projektzahlungen, Entwicklungsinitiativen und Betriebskapital zu verwenden. Der verbleibende Finanzierungsbetrag soll bis zum 30. Juni 2025 abgeschlossen sein. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltefrist.
Positive
Secured $480,000 in initial financing through private placement
Insider participation of $213,000 demonstrates management confidence
Warrants provide potential for additional future funding at $0.15 per share
Negative
Dilution of existing shareholders through issuance of 4.8 million new units
Relatively small financing amount may indicate limited investor interest
Warrant exercise price at $0.15 represents potential future dilution
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Sonoran Desert Copper Corporation (TSXV: SDCU) ("SDCU'' or the "Company") is pleased to announce that the Company has closed the first tranche of its $0.10 unit private placement financing (the "Financing") for gross proceeds of $480,000.
The Company has issued 4,800,000 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.
Four insiders subscribed to the Financing for $213,000 or 2,130,000 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. The Company intends to close the balance of the Financing by June 30, 2025.
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.
On behalf of the Board of Directors of SONORAN DESERT COPPER CORPORATION
"Brian Leeners"
Brian Leeners, CEO & Director [email protected] / +1 604-862-4184 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
FAQ
How much did Sonoran Desert Copper (PMDRF) raise in its first tranche of financing?
Sonoran Desert Copper raised $480,000 in the first tranche by issuing 4.8 million Units at $0.10 per Unit
What are the terms of PMDRF's warrant acceleration clause?
The company can accelerate the warrant exercise period to 30 days if shares close at or above $0.50 for 10 consecutive trading days after the 4-month hold
How much insider participation was there in Sonoran Desert Copper's financing?
Four insiders participated in the financing for a total of $213,000, subscribing to 2,130,000 Units
When does Sonoran Desert Copper plan to close the remaining financing?
The company intends to close the balance of the financing by June 30, 2025
What will PMDRF use the financing proceeds for?
The proceeds will be used for project payments, continuing development of company projects, and general working capital
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