Vancouver, British Columbia--(Newsfile Corp. - March 15, 2017) - Arizona Silver Exploration Inc. (TSXV: AZS) (the "Company") is pleased to announce that on March 14, 2017 it received conditional acceptance from the TSX Venture Exchange to close its equity financing for gross proceeds of $1,500,000 (refer to AZS News Release dated February 23, 2017).
In accordance with the provisions of Subscription Agreements, on March 15, 2017 the Company issued a total of 7,500,000 common shares (the "Financing Shares") at a price of $0.20 per Share.
The Company also issued a total of 407,500 common shares (the "Finders' Shares") at a deemed price of $0.20 per Finder's Share as finders' fees to two finders.
The Financing Shares and Finders Shares are subject to a hold period under applicable Canadian securities laws expiring on July 16, 2017, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.
For further information on AZS please visit our website at www.arizonasilverexploration.com
