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Faraday Copper raises C$20m

23rd May 2024

By: Creamer Media Reporter

     

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Canadian company Faraday Copper on Wednesday announced a C$20-million bought-deal financing to advance the exploration and development of its Copper Creek project, in Arizona, US.

Faraday entered into an agreement with Ventrum Financial Corp as co-lead underwriter and joint bookrunners for the purchase of 25-million shares at C$0.80 a share.

The Copper Creek project is one of the biggest undeveloped copper projects in North America, with significant district-scale potential.

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Edited by Creamer Media Reporter

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