en.Wedoany.com Reported - Edge Copper Corporation (TSXV: EDCU) announced that it has reached an agreement on the pricing and terms of its previously disclosed public offering, issuing 30,172,414 common shares at C$0.58 per share for total gross proceeds of approximately C$17,500,000. The company has also entered into a non-brokered private placement agreement to issue 4,819,647 common shares at the same price for gross proceeds of approximately C$2,795,395. The combined financing is expected to raise approximately C$20,295,395 in total.

The public offering is underwritten by a syndicate led by CIBC Capital Markets and Beacon Securities Limited, and is offered to the public in all Canadian provinces (excluding Quebec) and to qualified institutional buyers in the United States on a private placement basis. The company has granted the underwriters an over-allotment option to purchase up to an additional 4,525,862 common shares on the same terms within 30 days after the closing of the offering, for additional gross proceeds of up to approximately C$2,625,000. The private placement involves certain insiders of the company and constitutes a related party transaction. Edge Copper is relying on exemptions from formal valuation and minority shareholder approval requirements under Sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101, respectively, as the fair value of the common shares issued to insiders under the private placement and the consideration paid by such insiders does not exceed 25% of Edge Copper's market capitalization.

The company plans to use the net proceeds primarily to advance the exploration and development of its wholly-owned Zonia copper mine project in Arizona. The common shares issued under the public offering will be offered pursuant to the company's current Canadian short form base shelf prospectus dated April 8, 2026, and the corresponding supplement. The public offering is expected to close on or about June 9, 2026, subject to the completion of formal documentation and customary regulatory approvals, including from the TSX Venture Exchange. The prospectus supplement will be filed with the relevant securities commissions within two business days and will be available on SEDAR+, with electronic or paper copies obtainable from the underwriters.

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