Announces Updated Financing
Suite 920 – 1112 WEST PENDER STREET
VANCOUVER, BC, V6E 2S1
http://primemeridianresources.com/
FEBRUARY 13, 2024 NEWS RELEASE TSXV: SDCU
SONORAN DESERT COPPER CORPORATION
ANNOUNCES UPDATED FINANCING
Vancouver, B.C.: Sonoran Desert Copper Corporation (“SDCU'' or the “Company”) (TSXV: SDCU)
announces that further to its News Release of November 21, 2023, and in response to the continuing
weakness in the junior resource sector, the Company will be reducing the price and increasing the amount
of its private placement financing.
PRIVATE PLACEMENT FINANCING OF UNITS
Previously, the Company was offering up to 2,500,000 Units priced at $0.20, for aggregate gross proceeds
of up to $500,000. The updated financing will now offer up to 10,000,000 Units priced at $0.10, for
aggregate gross proceeds of up to $1,000,000.
Each of the Units will consist of one common share of the Company and one common share purchase
warrant, with each warrant being exercisable for an additional common share at an exercise price of $0.20
for 24 months. The Warrants are subject to the right of the Company to accelerate the exercise period if,
after the expiration of the 4-month hold, shares of the Company close at or above $0.50 for 10 consecutive
trading days.
Finders' fees in accordance with TSX Venture Exchange policies may apply to the Financing and all
securities issued will be subject to a statutory four-month hold period. Proceeds from the Financing will
be used for general working capital, the continuing development of the Company's Cuatro Hermanos
Copper Project and to evaluate and secure further opportunities in the copper sector.
ABOUT SONORAN DESERT COPPER CORPORATION
Sonoran Desert Copper Corporation is focused on the copper sector, due to its fundamental role in the
global energy transition. The Company strategy is to secure, advance and monetize assets in the copper
sector 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)
Suite 920 – 1112 WEST PENDER STREET
VANCOUVER, BC, V6E 2S1
http://primemeridianresources.com/
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.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.