Arizona Mining Announces Increase to Bought Deal Offering of Common Shares

T.AZ, Arizona Mining, zinc

Arizona Mining Inc.(TSX:AZ) is pleased to announce is pleased to announce that as a result of strong demand, it has increased the size of its previously announced bought deal offering to 11,805,000 common shares at a price of $3.05 per common share for aggregate gross proceeds of C$36,005,250 (the “Offering”). The Offering is being made through a syndicate of underwriters led by Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc. and RBC Capital Markets, and including Raymond James Ltd.

Arizona Mining plans to use the net proceeds of the Offering to fund further drilling, for engineering, design and technical work for its Hermosa Project, and for general working capital purposes.
read more

Leave a Reply

Your email address will not be published. Required fields are marked *