Arizona Silver Closes $1.5-million Financing

Arizona Silver Exploration Inc (TSXV:AZS)
Shares Issued 20,739,970
Last Close 3/14/2017 $0.24
Wednesday March 15 2017 – News Release

Mr. Mike Stark reports

On March 14, 2017, Arizona Silver Exploration Inc. received conditional acceptance from the TSX Venture Exchange to close its equity financing for gross proceeds of $1.5-million (refer to AZS news release dated Feb. 23, 2017).

In accordance with the provisions of subscription agreements, on March 15, 2017, the company issued a total of 7.5 million common shares at a price of 20 cents per share.

The company also issued a total of 407,500 common shares at a deemed price of 20 cents per finder’s share as finders’ fees to two finders.

The financing shares and finders shares are subject to a hold period under applicable Canadian securities laws expiring on July 16, 2017, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.

© 2017 Canjex Publishing Ltd.