Arizona Mining Closes $18 Million Private Placement

Arizona Mining(TSX:AZ) has announced that it has closed the previously announced private placement of 14 million common shares at a price of $1.29 per common share for aggregate proceeds of $18,060,00 million.
As quoted in the press release:

The offering was underwritten by a syndicate of underwriters led by Scotiabank and RBC Capital Markets, acting as joint bookrunners and co-lead underwriters, and including National Bank Financial Inc. and TD Securities Inc.
Proceeds from the Offering will be used to fund an ongoing drill campaign to determine the size and extent of the Taylor Deposit at the Company’s Hermosa Project and for working capital.

Click here to read the full press release.