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Arizona Metals Corp. Announces Upsize to Previously-Announced Bought Deal Financing
Arizona Metals Corp. Announces Upsize to Previously-Announced Bought Deal Financing ...
About this update from Arizona Metals Corp
[{"type":"text","content":"\n \n \n \n Arizona Metals Corp. Announces Upsize to Previously-Announced Bought Deal Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.\n \n \n \n \n TORONTO\n \n ,\n \n Oct. 22, 2021\n \n /CNW/ - Arizona Metals Corp. (TSXV: AMC) (OTCQX: AZMCF) (the \"\n \n Company\n \n \" or \"\n \n Arizona Metals\n \n \") is pleased to announce it has entered into an amended agreement with Stifel GMP and Clarus Securities Inc. (the \"\n \n Lead Underwriters\n \n \") to increase the size of the previously-announced offering (the \"\n \n Offering\n \n \"). Pursuant to the amended terms of the Offering, the Lead Underwriters have agreed to purchase, on a bought deal basis, 10,600,000 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of C$4.25 per Common Share (the \"\n \n Offering Price\n \n \"), consisting of 7,500,000 Common Shares issued from treasury (the \"\n \n Treasury Offering\n \n \") for gross proceeds to the Company of C$31,875,000 and 3,100,000 Common Shares sold by certain existing shareholders (the \"\n \n Secondary Offering\n \n \" and together with the Treasury Offering, the \"\n \n Offering\n \n \") for gross proceeds of\n \n C$13,175,000\n \n .\n \n \n The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 1,125,000 Common Shares under the Treasury Offering at the Offering Price, exercisable in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional\n \n C$4,781,250\n \n in gross proceeds will be rais...