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Edge Copper Prices $20.3 Million Overnight Marketed Public Offering and Concurrent Non-Brokered Private Placement

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Edge Copper (EDCU.V) shares were last seen down 12% on Wednesday after it priced an overnight marketed offering of shares and concurrent private placement.

The marketed offering will sell up to 30.2-million shares at $0.58 apiece, for $17.5 million, while underwriters have been granted a 4.53-millon share over-allotment option.

Edge Copper will also carry out a concurrent non-brokered private placement of 4.82-million shares also priced at $0.58 for proceeds of about $2.8 million.

Proceeds from the financings will be primarily used to advance exploration and development of its the company's Zonia Copper project in Arizona.

Shares of the company were last seen down $0.08 to $0.58 on the TSX Venture Exchange.

Price: $0.58, Change: $-0.08, Percent Change: -12.12%

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