Tembo Capital Mining GP III, acting in its capacity as general partner to Tembo Capital Elim Co-Investment, announces that it has agreed to sell 17,500,000 common shares of
Arizona Sonoran Copper Company Inc. at a price of C$2.27 per Share, for total gross proceeds of C$39,725,000 pursuant to a bought deal arrangement with Scotia Capital Inc. The Company will not receive any of the proceeds from the Transaction, which is expected to close on or about July 14, 2025. Immediately prior to entering into the Transaction, Tembo beneficially owned, directly or indirectly, 33,298,562 Shares, which represented approximately 18.75% of the issued and outstanding Shares of the Company on a non-diluted basis. Following closing of t...