Closes $0.05 Unit Private Placement Financing
May 23, 2023 News Release TSXV: SDCU
SONORAN DESERT COPPER CORPORATION CLOSES $0.05 UNIT PRIVATE PLACEMENT FINANCING
Vancouver, B.C.: Sonoran Desert Copper Corporation (“SDCU'' or the “Company”) (TSXV: SDCU) announces the closing of the $0.05 Unit Private Placement Financing.
Further to its May 17, 2023 news release, Homerun Resources Inc. has received TSX Venture Excange approval and closed its 5-cent unit private placement financing for aggregate gross proceeds of $385,800. The company has issued 7,716,000 five-cent units, each unit consisting 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 10 until March 23, 2026. The warrants are also subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above 50 cents for a period of 10 consecutive trading days.
About Sonoran Desert Copper Corporation
Sonoran Desert Copper Corporation is focused on the development of its energy metals project portfolio including the South Uchi lithium project in Red Lake, Ontario, Canada and the Cuatro Hermanos copper / molybdenum porphyry project in Sonora, Mexico (the “4H Property”)
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)
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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