Mr. Mike Stark reports
ARIZONA SILVER EXPLORATION INC. ANNOUNCES PRIVATE PLACEMENT
Arizona Silver Exploration Inc. has arranged a non-brokered private placement of up to 7.5 million common shares at a price of 20 cents per share for gross proceeds of up to $1.5-million.
The proceeds of the private placement will be used for 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.
All securities issued in connection with the private placement will be subject to a statutory hold period of four months and 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 TSX-V.
We seek Safe Harbor.
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