Faraday Copper Announces C$30 Million Financing
Faraday Copper (OTCQX:CPPKF) has announced a C$30 million financing initiative through both brokered and non-brokered private placements. The financing consists of two equal parts: a C$15 million brokered offering led by Ventum Financial Corp. and a C$15 million non-brokered offering with participation from the Lundin Family Trusts.
The company will issue 13,636,400 common shares in each offering at C$1.10 per share. The brokered offering includes a 15% over-allotment option for underwriters. The proceeds will be used to advance exploration and development of the company's Copper Creek Project in Arizona. Both offerings are expected to close around July 29, 2025.
Faraday Copper (OTCQX:CPPKF) ha annunciato un'iniziativa di finanziamento da 30 milioni di dollari canadesi tramite collocamenti privati sia con che senza intermediari. Il finanziamento è suddiviso in due parti uguali: un offerta con intermediari da 15 milioni di dollari canadesi guidata da Ventum Financial Corp. e un offerta senza intermediari da 15 milioni di dollari canadesi con la partecipazione dei Lundin Family Trusts.
L'azienda emetterà 13.636.400 azioni ordinarie in ciascuna offerta al prezzo di 1,10 dollari canadesi per azione. L'offerta con intermediari prevede un'opzione di sovrallocazione del 15% per i sottoscrittori. I proventi saranno utilizzati per avanzare l'esplorazione e lo sviluppo del progetto Copper Creek in Arizona. Entrambe le offerte dovrebbero concludersi intorno al 29 luglio 2025.
Faraday Copper (OTCQX:CPPKF) ha anunciado una iniciativa de financiamiento de 30 millones de dólares canadienses mediante colocaciones privadas con y sin intermediarios. El financiamiento se divide en dos partes iguales: una oferta con intermediarios de 15 millones de dólares canadienses liderada por Ventum Financial Corp. y una oferta sin intermediarios de 15 millones de dólares canadienses con la participación de los Lundin Family Trusts.
La empresa emitirá 13.636.400 acciones ordinarias en cada oferta a 1,10 dólares canadienses por acción. La oferta con intermediarios incluye una opción de sobreasignación del 15% para los suscriptores. Los ingresos se utilizarán para avanzar en la exploración y desarrollo del proyecto Copper Creek en Arizona. Se espera que ambas ofertas cierren alrededor del 29 de julio de 2025.
파라데이 코퍼 (OTCQX:CPPKF)는 중개인과 비중개인 사모 배정 방식을 통해 3,000만 캐나다 달러 규모의 자금 조달 계획을 발표했습니다. 자금 조달은 두 부분으로 나뉘며, 중개인 주도 1,500만 캐나다 달러 규모의 공모는 Ventum Financial Corp.가 주도하고, 비중개인 방식으로 1,500만 캐나다 달러는 Lundin 가족 신탁이 참여합니다.
회사는 각 공모에서 13,636,400 보통주를 주당 1.10 캐나다 달러에 발행할 예정입니다. 중개인 공모에는 인수인에게 15%의 초과 배정 옵션이 포함되어 있습니다. 자금은 애리조나에 위치한 Copper Creek 프로젝트의 탐사 및 개발에 사용될 예정입니다. 두 공모 모두 2025년 7월 29일경 마감될 것으로 예상됩니다.
Faraday Copper (OTCQX:CPPKF) a annoncé une opération de financement de 30 millions de dollars canadiens via des placements privés avec et sans intermédiaires. Le financement se compose de deux parts égales : une offre avec intermédiaires de 15 millions de dollars canadiens menée par Ventum Financial Corp. et une offre sans intermédiaires de 15 millions de dollars canadiens avec la participation des Lundin Family Trusts.
La société émettra 13 636 400 actions ordinaires dans chaque offre au prix de 1,10 dollar canadien par action. L'offre avec intermédiaires comprend une option de surallocation de 15 % pour les souscripteurs. Les fonds seront utilisés pour faire avancer l'exploration et le développement du projet Copper Creek en Arizona. Les deux offres devraient se clôturer aux alentours du 29 juillet 2025.
Faraday Copper (OTCQX:CPPKF) hat eine Finanzierungsinitiative in Höhe von 30 Millionen kanadischen Dollar angekündigt, die sowohl durch vermittelnde als auch nicht-vermittelnde Privatplatzierungen erfolgt. Die Finanzierung besteht aus zwei gleichen Teilen: einem 15 Millionen CAD vermittelten Angebot, angeführt von Ventum Financial Corp., und einem 15 Millionen CAD nicht-vermittelten Angebot mit Beteiligung der Lundin Family Trusts.
Das Unternehmen wird in jedem Angebot 13.636.400 Stammaktien zu je 1,10 CAD pro Aktie ausgeben. Das vermittelte Angebot beinhaltet eine 15%ige Mehrzuteilungsoption für die Underwriter. Die Erlöse werden zur Förderung der Exploration und Entwicklung des Copper Creek Projekts in Arizona verwendet. Beide Angebote sollen voraussichtlich um den 29. Juli 2025 abgeschlossen werden.
- Strategic investment from Lundin Family Trusts, a significant industry player
- No hold period for shares issued under brokered offering, providing immediate liquidity
- Significant capital raise of C$30 million to advance Copper Creek Project
- Additional upside potential through 15% over-allotment option in brokered offering
- Potential dilution for existing shareholders
- 5% cash fee payable to underwriters reduces net proceeds
- Four-month hold period applies to non-brokered offering shares
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / July 14, 2025 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce a brokered and non-brokered financing for up to
Brokered Private Placement
The Company is pleased to announce it has entered into an agreement with Ventum Financial Corp. as lead underwriter and sole bookrunner (the "Lead Underwriter"), on its own behalf and on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase an aggregate of 13,636,400 common shares (the "Common Shares") on a "bought deal" private placement basis, at a price of
The Brokered Offering will be made in accordance with the 'listed issuer financing exemption' in Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (together, the "Listed Issuer Financing Exemption"), to purchasers in any province or territory of Canada, except Québec. The Common Shares issued and sold pursuant to the Listed Issuer Financing Exemption will not be subject to a 'hold period' pursuant to applicable Canadian securities laws. There is an offering document related to the Brokered Offering that can be accessed under the Company's issuer profile at www.sedarplus.ca and on the Company's website at www.faradaycopper.com. Prospective investors purchasing under the Listed Issuer Financing Exemption should read this offering document before making an investment decision.
The Common Shares may also be sold to purchasers in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and other qualifying jurisdictions outside of Canada that are mutually agreed to by the Company and the Underwriters pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.
The Company has granted to the Underwriters an option (the "Underwriters' Option") to increase the size of the Brokered Offering by up to an additional number of Common Shares that in aggregate would be equal to
The Company intends to use the net proceeds from the Brokered Offering for exploration and development of its Copper Creek Project and for general working capital purposes.
The Brokered Offering is scheduled to close on or about July 29, 2025 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange.
Non-Brokered Private Placement
Concurrently with the Brokered Offering, the Company will conduct a non-brokered private placement of up to 13,636,400 additional Common Shares (the "Additional Shares") at the Offering Price to raise up to C
The Additional Shares may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions, other than the Listed Issuer Financing Exemption, in accordance with applicable securities laws, and may also be offered to purchasers in the United States pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act of 1933. Any Additional Shares issued to purchasers resident in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the issue date.
The Company intends to use the net proceeds from the Non-Brokered Offering for exploration and development of its Copper Creek Project and for general working capital purposes.
The Non-Brokered Offering is scheduled to close on or about July 29, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange. The closing of the Brokered Offering and the closing of the Non-Brokered Offering are not cross conditional.
Trusts settled by the late Adolf H. Lundin (the "Lundin Family Trusts") have indicated their intention to participate in the Non-Brokered Offering. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as a private entity controlled by the Lundin Family Trusts is currently the Company's largest shareholder. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Common Shares issued to or the consideration paid by such persons will exceed
The securities offered in the Brokered Offering and Non-Brokered Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Faraday Copper
Faraday Copperis an exploration company focused on advancing its flagship copper project in Arizona,
U.S. The Copper Creek Projectis one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol "FDY".
For additional information please contact:
Stacey Pavlova, CFA
Vice President, Investor Relations & Communications
Faraday Copper Corp.
E-mail: info@faradaycopper.com
Website: www.faradaycopper.com
To receive news releases by e-mail, please register using the Faraday website at www.faradaycopper.com.
Cautionary Note on Forward Looking Statements
Some of the statements in this news release, other than statements of historical fact, are "forward-looking statements" and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward- looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the exploration potential of the Copper Creek property; completion of the Brokered and Non-Brokered Financings, and the timing thereof; the anticipated use of net proceeds of the Brokered and Non-Brokered Financings; the receipt of TSX and other regulatory approvals.
Although Faraday believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of mineral resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as "Risk Factors" included in Faraday's disclosure documents filed on and available at www.sedarplus.ca.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this press release, and any representation to the contrary is an offence.
SOURCE: Faraday Copper Corp.
View the original press release on ACCESS Newswire
FAQ
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