Arizona Metals (TSE:AMC) has released an update.
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Arizona Metals Corp. has secured a bought deal financing agreement to raise C$25 million by issuing over 14 million shares at C$1.70 each, potentially increasing to C$28.75 million with an over-allotment option. The funds will support exploration projects in Arizona and enhance working capital. The offering is expected to close on December 20, 2024, pending regulatory approvals.
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