Arizona Metals Corp. Announces Closing of Bought Deal Public Offering

Counsel to the syndicate of underwriters with respect to the closing of Arizona Metals Corp's bought deal public offering with gross proceeds of $27,077,090

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Team Members

On December 20th 2024, Arizona Metals Corp. (the “Company”) announced that it has closed its previously announced bought deal public offering of 15,927,700 common shares of the Company at a price of $1.70 per common share for gross proceeds of $27,077,090 (the “Offering”).

The Offering was conducted by a syndicate of underwriters co-led by Stifel Nicolaus Canada Inc. and Scotiabank, and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Beacon Securities Limited and Clarus Securities Inc.

Arizona Metals Corp. owns 100% of the Kay Project in Yavapai County, which is located on 1,669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties.

Miller Thomson advised the syndicate of underwriters with a team comprised of  Lawrence Wilder, Adam Kline, Brandon Meyer, Connor Broude (Corporate Securities), Neil Gurmukh, Ron Choudhury (Tax), Calvin Wang, Jennifer Jeong and James Papaeliou (Students).

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