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Arizona Gold & Silver closes CDN$18 million private placement at $0.8 per unit with Sorbie investors

PUBT·06/01/2026 15:40:28
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Arizona Gold & Silver closes CDN$18 million private placement at $0.8 per unit with Sorbie investors
  • Arizona Gold & Silver closed a private placement raising CDN 18 million from Sorbie Bornholm LP, Sorbie Investments LLP at CDN 0.8 per unit.
  • Issued 22,500,000 units; each unit includes one common share, one-half warrant; 11,250,000 warrants total, three-year term.
  • Warrants split between CDN 1 exercise price at closing, later tranches priced at a 20% premium to 20-day VWAP.
  • Proceeds earmarked to advance the Philadelphia, Silverton properties, fund general working capital; cash released via 24 monthly settlements.
  • Settlement benchmark price set at CDN 1.07; higher prices increase proceeds, lower prices reduce proceeds without issuing extra shares.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arizona Gold & Silver Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202606011140TNWSWRCACNPR_____1A0vFwYpP) on June 01, 2026, and is solely responsible for the information contained therein.