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Arizona Gold & Silver Announces Over-Allotment to Oversubscribed Private Placement with Additional Interest from Significant Mining Industry Participant
(TheNewswire) Vancouver, British Columbia – TheNewswire - ...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Gold & Silver Announces Over-Allotment to Oversubscribed Private Placement with Additional Interest from Significant Mining Industry Participant\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, British Columbia –\n \n\n TheNewswire -\n \n\n September 30, 2024 –\n \n\n\n Arizona Gold & Silver\nInc.\n \n\n\n\n (TSXV:\n \n\n\n\n\n AZS\n \n\n\n\n\n )\n \n\n\n (\n \n\n OTCQB:AZASF\n \n\n )\n \n\n The Company is pleased to announce that due to\ninvestor demand, the size of its non-brokered private placement\n(“\n \n\n Private\nPlacement\n \n\n ”)  previously announced on\nSeptember 18, 2024 has been increased to 15,425,090 units from\n10,000,000 Units of the Company (each a “\n \n\n Unit\n \n\n ”) at a price\nof CAD$0.30 with total proceeds of CAD$4,627,527.10.  Each Unit will\nconsist of one common share and one transferable share purchase\nwarrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”). Each\nwarrant will entitle the holder to purchase one additional common\nshare in the capital of the Company (a “\n \n\n Warrant Share\n \n\n ”) for\na period of 36 months from the date of issue at an exercise price of\nCAD$0.40 per Warrant Share.\n \n\n\n\n It is expected that certain directors and officers of\nthe company will participate in the private placement and are related\nparties within the meaning of Multilateral Instrument 61-101 --\nProtection of Minority Security Holders in Special Transactions of the\nCanadian Securities Administrators. The participation of certain\ndirectors and officers in the private placement will constitute a\nrelated party transaction under MI 61-101. The company intends to rely\nupon exemptions from the formal valuation and minority approval\nrequirements of MI 61-101.\n \n\n\n\n All securities issued under the private placement will\nbe subject to a hold period of four months and one day from the\nclosing date. The Company may pay finders' fees in cash. The private\nplacement and finders' fees are subject to regulatory approval.\n \n\n\n\n Net proceeds of the private placement will be used for\nproject exploration and general working capital purposes.\n \n\n\n\n Please refer to our web site for all news and updated\nproperty information:\n \n\n\n\n\n\n h...