Business
Arizona Silver Exploration closes C$1,122,815 Equity Financing
(TheNewswire) Vancouver, British Columbia – TheNewswire - December 19, 2022 ...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Silver Exploration closes C$1,122,815 Equity Financing\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 Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n December 19, 2022 – Arizona Silver\nExploration (TSXV:AZS) (OTC:AZASF)\n \n \n is pleased to\nannounce that it has closed its previously announced non brokered\nprivate placement (the “Private Placement”) by issuing 4,491,260\nunits (the “Units) at a price of C$0.25 per Unit, for gross proceeds\nof C $1,122,815 Each Unit is comprised of one common share of the\nCompany (a “Share”) and one half of one transferable common share\npurchase warrant. Each whole warrant will entitle the holder thereof\nto purchase for a period of five years from the date of close one\nadditional Share (a “Warrant Share;’) at an exercise price per\nWarrant Share of C$0.40.  provided that the closing price of the\nCompany’s common shares on the TSX Venture Exchange is CAD$0.48 or\ngreater per common share during a 10 consecutive trading day period.\n Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day\nafter the date on which the Company provides notice of such\naccelerated expiry to the warrant holders. The warrant holders will\nhave no further rights to acquire any common shares of the Company\nunder the Warrant.\n \n \n \n \n The Private Placement is subject to certain conditions\nincluding, but not limited to, the receipt of all necessary approvals,\nincluding the final approval of the TSX Venture Exchange. All\nsecurities issuable pursuant to the Private Placement are subject to a\nfour month hold period from the date of issuance in accordance with\napplicable Canadian securities\n \n \n laws\n \n \n .\n \n \n \n \n Mike Stark stated: I’m pleased to inform our\nshareholders our Institutional fund has maintained his 9.9% buy taking\npart in the offering, we are pleased to see they have the same vision\nas management on our Philadelphia property.\n \n \n \n \n Insiders of the Company purchased or acquired direction\nand control over a total of 80,000 Units under the Private Placement.\nThe placement to such person constitutes a “related party\ntransaction” within the meaning of TSX Venture Exchange Policy 5.9\nand Multilateral I...