01:07 PM EST, 12/19/2024 (MT Newswires) -- Arizona Metals ( AZMCF ) on Thursday said underwriters for a $25-million bought-deal share offering exercised a portion of their over-allotment option, raising the company's proceeds.

The company said underwriters on Thursday partially exercised their over-allotment option, acquiring 1.22-million of the 2.21-million share option, bringing proceeds to $27 million, up from $25 million. The shares were priced at $1.70

The company's shares were last seen down $0.06 to $1.52 on the Toronto Stock Exchange.

Price: 1.52, Change: -0.06, Percent Change: -3.80