Business
Arizona Gold & Silver Announces Closing Of Oversubscribed Non-Brokered Private Placement
(TheNewswire) Vancouver, British Columbia / September 1...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Gold & Silver Announces Closing Of Oversubscribed Non-Brokered Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver,\n \n\n British\n \n\n Columbia\n \n\n /\n \n\n September 12, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Arizona\n \n\n Gold & Silver Inc.\n \n\n (the\n \n\n “Company”\n \n\n or\n \n\n “Arizona Gold”) (TSX-V: AZS)\n(OTCQB: AZASF)\n \n\n is pleased to announce that it\nhas closed a non-brokered private placement (the “\n \n\n Private\n \n\n Placement\n \n\n ”)\n \n\n of\n \n\n 6,666,416 units\n \n\n (the “\n \n\n Units\n \n\n ”) at a\n \n\n price\n \n\n of\n \n\n $0.30\n \n\n per Unit\n \n\n raising total gross proceeds of CDN$1,999,924.80.\n \n\n\n\n Each\n \n\n Unit\n \n\n consists\n \n\n of\n \n\n one\n \n\n common\n \n\n share\n \n\n (the\n \n\n “\n \n\n Shares\n \n\n ”)\n \n\n of\n \n\n the\n \n\n Company\n \n\n and\n \n\n one\n \n\n transferable\n \n\n common share purchase warrant (each, a\n\"\n \n\n Warrant\n \n\n \") with each whole Warrant exercisable at a price of\n$0.40 per Share for a period of three (3) years from closing of the\nPrivate Placement.\n \n\n\n\n The Company\n \n\n plans\n \n\n to\n \n\n use the\n \n\n proceeds\n \n\n of the\n \n\n Private\n \n\n Placement for\n \n\n further exploration\n \n\n of the\n \n\n Philadelphia\n \n\n Property in Mohave County,\nand for general working capital purposes.\n \n\n\n\n In connection with the Private Placement, the Company\npaid finder’s fees to certain finders, consisting of a cash fee of\n$26,451, 266,667 shares and 26,667 common share purchase warrants\n(each a “\n \n\n Finder’s\nWarrant\n \n\n ”).  Each Finder’s Warrant entitles\nthe holder to acquire one common share at a price of $0.40 per share\nfor a period of three years from the date of issuance. The Private\nPlacement and finders fees remains subject to the approval of\nregulatory authorities.\n \n\n\n\n All\n \n\n securities\n \n\n issued\n \n\n are\n \n\n subject\n \n\n to\n \n\n a\n \n\n four-month\n \n\n hold\n \n\n period.\n \n\n\n\n On behalf of the Board of Directors:\n \n\n\n\n\n\n ARIZONA\n \n\n GOLD & SILVER\nINC\n \n\n .\n \n\n\n\n Mike\n \n\n Stark,\n \n\n President,\n \n\n CEO\n \n...