VANCOUVER, British Columbia, June 03, 2026 (GLOBE NEWSWIRE) -- Edge Copper Corporation (TSXV:EDCU) ("Edge Copper" or the "Company") is pleased to announce pricing and terms of its previously announced overnight marketed offering of 30,172,414 common shares of the Company at a price of C$0.58 per common share, for aggregate gross proceeds to the Company of approximately C$17,500,000 (the "Public Offering").
CIBC Capital Markets and Beacon Securities Limited, leading a syndicate of underwriters, are underwriting the offering and will offer the common shares to the public in all provinces of Canada (other than Quebec) and on a private placement basis to qualified institutional buyers in the United States. The Company has agreed to grant the underwriters an over-allotment option to purchase up to an additional 4,525,862 common shares, on the same terms and conditions, exercisable in whole or in part, at the sole discretion of the underwriters, for up to 30 days after the closing of the offering, for additional gross proceeds of up to approximately C$2,625,000.
Edge Copper has also entered into a non-brokered private placement of 4,819,647 common shares at a price of C$0.58 per common share (the "Private Placement"), including certain insiders of the Company for gross proceeds of approximately C$2,795,395. Aggregate gross proceeds from the Public Offering and the Private Placement are expected to be approximately $20,295,395. Insider participation in the Private Placement is a "related party transaction" within the meaning of Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions ("MI 61-101"). Edge Copper relied on the exemption from formal valuation and minority shareholder approval requirements under section 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair value of the common shares issued to insider under the Private Placement, and the consideration paid by the insiders therefor, does not exceed 25% of Edge Copper's market capitalization.
The Company proposes to use the net proceeds from the Public Offering and the Private Placement primarily to advance exploration and development of its wholly-owned Zonia Copper Project in Arizona.
The common shares issued pursuant to the Public Offering will be offered by way of a prospectus supplement (the "Prospectus Supplement") to the Company's existing Canadian short form base shelf prospectus dated April 8, 2026 (the "Base Shelf Prospectus"). The Public Offering common shares may also be placed privately in the United States in transactions exempt from registration under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The closing of the offering is expected to occur on or about June 9, 2026 and is subject to the completion of formal documentation and receipt of customary regulatory approvals, including approval of the TSX Venture Exchange.
Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendment to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Prospectus Supplement will be filed with the securities ...
