Arizona Sonoran Copper Company Inc. recently announced the adoption of a shareholder rights plan, effective January 31, 2025. The plan, designed to protect against “creeping bids”, ensures that all ASCU shareholders are treated fairly in the event of a take-over bid. The plan, subject to shareholder ratification within six months, allows shareholders to purchase additional shares at a discount if any person acquires 20% or more of ASCU’s outstanding shares without complying with the plan’s provisions.
David Laing, Independent Chair of the Board of Directors, expressed confidence in ASCU’s Cactus Project and management’s plan for 2025. The company aims to release the project’s Pre-feasibility Study later this year and believes the current valuation of ASCU’s Common Shares does not reflect their full value. ASCU is focused on becoming a mid-tier copper producer with low operating costs and sustainable operations.
Investors are urged to be cautious as the actual results may differ from the forward-looking statements disclosed, and the mineral resource estimates are subject to uncertainty. ASCU aims to develop the Cactus Project into a significant copper producer in Arizona and the U.S.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
