en.Wedoany.com Reported - Edge Copper Corporation announced on June 9, 2026, the completion of its previously disclosed public offering and private placement, raising total proceeds of C$23,038,853. The public offering consisted of 32,747,414 common shares issued at C$0.58 per share, including 2,575,000 shares issued pursuant to the underwriters' over-allotment option, for gross proceeds of C$18,993,500. The underwriting syndicate was jointly led by CIBC Capital Markets and Beacon Securities Limited, with ATB Cormark Capital Markets and National Bank Financial Inc. participating.

Concurrently with the public offering, a non-brokered private placement was completed, issuing 6,974,747 common shares at the same price of C$0.58 per share, for gross proceeds of C$4,045,353. Purchasers, including certain insiders of the company, participated in this private placement. Combined, the two financings generated total gross proceeds of C$23,038,853.

Edge Copper stated that the net proceeds, after deducting related expenses, will be primarily used to advance the exploration and development of its wholly-owned Zonia Copper Project in Arizona. Insiders of the company subscribed in both the public offering and private placement, constituting related party transactions. Under MI 61-101, the company obtained exemptions from formal valuation and minority shareholder approval requirements, as the fair value of the common shares issued to insiders and the consideration paid by them did not exceed 25% of the company's market capitalization.

The common shares issued in the private placement are subject to a statutory four-month hold period, expiring on October 9, 2026. Edge Copper paid a cash fee of C$6,251 to an independent registrant as compensation for services related to one subscription. Additionally, the company paid total cash commissions of C$944,425 to the underwriters, calculated at 2.5% of gross proceeds for common shares issued to certain insiders and 5% for common shares issued to the public. CIBC Capital Markets received C$381,579, Beacon Securities Limited received C$381,579, ATB Cormark Capital Markets received C$132,467, National Bank Financial Inc. received C$44,156, and other independent registrants received a combined C$4,644.

Edge Copper Corporation is a company focused on copper exploration and development, primarily advancing its wholly-owned Zonia Copper Project. Located in the historic Walnut Grove mining district in Arizona, the project is a former producing heap leach operation with existing infrastructure and resource expansion potential.

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