Arizona Metals closes $21 million bought deal financing

April 30, 2021

On April 22, 2021, Arizona Metals Corp. (TSXV:AMC) (“Arizona Metals”) announced the completion of its bought deal private placement offering (the “Offering”) of 10,000,000 special warrants (the “Special Warrants”) at a price of $2.10 per Special Warrant for aggregate gross proceeds of $21,000,000, which includes the exercise in full of the underwriters’ option. The Offering was conducted by a syndicate of underwriters co-led by Stifel GMP and Clarus Securities Inc., and included Cormark Securities Inc., Beacon Securities Limited and Agentis Capital Markets Canada Limited Partnership (the “Underwriters”).

Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties.

Miller Thomson advised Stifel GMP on the Offering with a team comprised of Lawrence Wilder, Adam Kline, Abid Ahmed and Brandon Meyer (Capital Markets & Securities), as well as Sarah DeGenova and Shannon Sturgeon (Student).