Arizona Metals Corp. completes bought deal financing totaling over $6 million

May 29, 2020

On May 29, 2020, Arizona Metals Corp. (TSXV:AMC) announced the completion of its bought deal private placement of 9,300,000 units at a price of $0.65 per unit for aggregate gross proceeds of $6,045,000, 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 Canaccord Genuity Corp.

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 and Canaccord Genuity Corp. in this transaction with a team led by Lawrence Wilder (Capital Markets & Securities), and comprised of Abid Ahmed and Adam Kline (Capital Markets & Securities).