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.
For further insights into TSE:AMC stock, check out TipRanks’ Stock Analysis page.
