Vancouver, British Columbia--(Newsfile Corp. - February 23, 2017) - Arizona Silver Exploration Inc. (TSXV: AZS) (the "Company") is pleased to announce a non-brokered private placement of up to 7,500,000 common shares (the "Shares") at a price of $0.20 per Share for gross proceeds of up to $1,500,000 (the "Private Placement").
The proceeds of the Private Placement will be used for the further exploration of the Ramsey Silver Mine in La Paz County, Arizona, and for general working capital purposes.
The Company may pay finders' fees in connection with the Private Placement, subject to compliance with the policies of the TSX Venture Exchange (the "TSXV").
All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Private Placement is subject to the approval of the TSXV.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available
