sur Faraday Copper Corp. (CVE:FDY)
Faraday Copper Corp. Announces C$30 Million Financing
Faraday Copper Corp. has revealed a financing arrangement of up to C$30 million to support the exploration and development of its Copper Creek Project in Arizona, USA. The initiative comprises a brokered private placement and a non-brokered private placement, each aiming to raise C$15 million.
Ventum Financial Corp. leads the brokered segment, involved in the acquisition of 13,636,400 common shares at C$1.10 per share. Faraday Copper has granted underwriters a 15% option to increase the offering, expected to close on July 29, 2025, contingent on regulatory approvals.
In parallel, the non-brokered placement invites participation from strategic investors, including the Lundin Family Trusts. Proceeds from these financings are earmarked for advancing the Copper Creek Project and general corporate purposes.
R. E.
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