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Arizona Metals announces bought deal financing

Arizona Metals (TSX:AMC:CA) entered into an agreement with a syndicate of underwriters co-led by Stifel Canada and Scotiabank pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 14.7M common shares C$1.70 per common share for gross proceeds to the company of C$25M. The company has agreed to grant the underwriters an over-allotment option to purchase up to an additional 2,205,883 common shares under the offering. Source: Press Release

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