Business
Arizona Gold & Silver Announces Closing of Oversubscribed Non-Brokered Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO THE UNITED ...
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 NOT\n \n\n FOR\n \n\n DISTRIBUTION\n \n\n TO\n \n\n THE\n \n\n UNITED\n \n\n STATES\n \n\n OR\n \n\n FOR\n \n\n DISSEMINATION\n \n\n IN\n \n\n THE\n \n\n UNITED\n \n\n STATES\n \n\n\n\n Vancouver,\n \n\n British\n \n\n Columbia\n \n\n /\n \n\n October 03, 2024\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 15,425,090 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$4,627,527.10.\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 CEO, Mike Stark wishes to acknowledge the continued\nsupport from existing shareholders and management increasing their\npositions, as well new investors. We also welcome Sprott and Rick Rule\npersonally to the Arizona Gold & Silver Inc. share\nregistry.\n \n\n\n\n Insiders\n \n\n of\n \n\n the\n \n\n Company\n \n\n subscribed\n \n\n for\n \n\n a\n \n\n total\n \n\n of\n174,000 units.\n \n\n As a result, the Private\nPlacement is a related party transaction (as defined\n \n\n under\n \n\n Multilateral\n \n\n Instrument\n \n\n 61-101\n \n\n Protection\n \n\n of\n \n\n Minority\n \n\n Security\n \n\n Holders\n \n\n in\n \n\n Special\n \n\n Transactions\n \n\n (“\n \n\n MI\n \n\n 61-101\n \n\n ”)).\n \n\n The\n \n\n Company\n \n\n relied\n \n\n upon\n \n\n the\n \n\n “Issuer\n \n\n Not\n \n\n Listed\n \n\n on\n \n\n Specified\n \n\n Markets”\n \n\n and\n \n\n “Fair\n \...