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Arizona Metals Corp Announces Upsize to Previously-Announced Bought Deal Private Placement to Up to C$21M
Arizona Metals Corp Announces Upsize to Previously-Announced Bought Deal Private Placemen...
About this update from Arizona Metals Corp
[{"type":"text","content":"\n \n \n \n Arizona Metals Corp Announces Upsize to Previously-Announced Bought Deal Private Placement to Up to C$21M\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 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n TORONTO\n \n ,\n \n April 5, 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 that it has entered into an amended agreement with Stifel GMP and Clarus Securities Inc. (the \"\n \n Lead Underwriters\n \n \"), on behalf of a syndicate of underwriters including Cormark Securities Inc., Beacon Securities Limited and Agentis Capital (together with the Lead Underwriters, the \"\n \n 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 private placement basis, 8,600,000 special warrants of the Company (the \"\n \n Special Warrants\n \n \") at a price of C$2.10 per Special Warrant (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds to the Company of C$18,060,000 (the \"\n \n Offering\n \n \").\n \n \n The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 1,400,000 Special Warrants at the Issue Price exercisable in whole or in part, at any time and from time to time on or prior to the date that is 48 hours prior to the Closing Date (as defined below).\n \n \n Each Special Warrant shall be issued under a special warrant indenture and shall entitle the holder thereof to receive, without payment of additional consideration, one (1) unit of the Company (each a \"\n \n Unit\n \n \"). Each Unit shall consist of one (1) common share of the Company and one-half (0.5) of one common share pur...