Hudbay Lifts Stake in Arizona Sonoran Copper

Hudbay increases stake in Arizona Sonoran to 9.99%
Hudbay Minerals (TSX, NYSE: HBM) has upped its stake in Arizona Sonoran Copper Company (TSX: ASCU) with the purchase of approximately 11.85 million shares under a private placement.
Hudbay Minerals backs up the truck for Arizona Sonoran Copper
Global copper miner Hudbay Minerals (TSX:HBM) will invest C$19,911,467 into Arizona Sonoran Copper (TSX:ASCU), a junior miner developing its flagship C$2.77 billion net present value Cactus project in Arizona ・Hudbay’s investment will increase its stake to 9.
Arizona Sonoran Announces C$19.9 Million Strategic Private Placement with Hudbay
Hudbay will hold a 9.99% interest in ASCU, following the closing of the Private Placement and after giving effect to the Common Shares currently held by Hudbay. The Issue Price represents a 15% premium to the 5-day volume weighted average price of the Common Shares on the Toronto Stock Exchange (“TSX”) as of the close of trading on January 7, 2025.
Hudbay Lifts Stake in Arizona Sonoran Copper With C$19.9 Mln Investment
Hudbay Minerals will boost its stake in copper explorer Arizona Sonoran Copper with a 19.9 million Canadian dollars ($13.9 million) investment that will help advance a copper project in Arizona.
Stocks in play: Arizona Sonoran Copper Company Inc
Announced that Hudbay Minerals has agreed to subscribe for 11,852,064 common shares of the Company in a non-brokered private placement at a price of C$1.68 per Common Share for total consideration of C$19,911,467. Arizona Sonoran Copper Company Inc shares T.ASCU are trading up $0.15 at $10.58.
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