- Arizona Silver Exploration (AZS) has announced a private placement offering for gross proceeds of up to C$2,000,000
- The company will issue up to 8 million units for $0.25 per unit
- Net proceeds will be used to advance the company’s projects
- Arizona Silver Exploration Inc is a mining company
- Arizona Silver Exploration Inc. (AZS) is unchanged on the day, trading at C$0.26 per share at 1:30 pm ET
Arizona Silver Exploration (AZS) has announced a private placement offering for gross proceeds of up to C$2,000,000.
The company will issue up to 8 million units for $0.25 per unit. Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for five years following the closing of the placement.
Warrants are subject to an acceleration clause.
Net proceeds will be used for further exploration of the Philadelphia Property in Mohave County, Arizona, the advancement of other company projects, as well as for general working capital purposes.
Completion of the private placement remains subject to the approval of the Exchange.
All securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period.
Arizona Silver Exploration Inc is a mining company. It is principally engaged in acquiring and evaluating exploration assets. The company owns an interest in the Ramsey Silver Project, Sycamore Canyon Property, and Philadelphia Property in Arizona; Silverton Gold Property in Nevada.
Arizona Silver Exploration Inc. (AZS) is unchanged on the day, trading at C$0.26 per share at 1:30 pm ET.
