10:33 AM EST, 12/20/2024 (MT Newswires) -- Arizona Metals ( AZMCF ) was up more than 7% at last look on Friday as it closed its bought deal public offering of near 15.93 million shares at $1.70 each, raising close to $27.1 million. This includes the partial exercise of the over-allotment option.

Proceeds will fund exploration expenditures at the Kay Mine Project and Sugarloaf Peak Property, both in Arizona, as well as for working capital and general corporate purposes.

Arizona Metals ( AZMCF ) was last seen up $0.11, to $1.62, on the Toronto Stock Exchange.

Price: 1.62, Change: +0.11, Percent Change: +7.28