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Faraday Copper Announces Upsize to Previously Announced Bought Deal Financing to C$34.8 Million

Newswire.ca - Mon Feb 6, 2023

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Feb. 6, 2023 /CNW/ - Faraday Copper Corp. ("Faraday" or the "Company") (TSX: FDY) (OTCQX: CPPKF) is pleased to announce that in connection with the bought deal financing announced on February 2, 2023, the Company has entered into an amending agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters that includes PI Financial Inc., TD Securities Inc. and Stifel GMP (collectively, the "Underwriters"), to increase the size of the previously announced bought deal financing from C$30.0 million to C$34.8 million consisting of 43,478,000 common shares of the Company (the "Common Shares") at a price of C$0.80 per Common Share (the "Upsized Offering"). Fort Capital Partners acted as special advisor to the Company in relation to the bought deal financing and other strategic matters.

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