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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18816)	6/9/2016 11:12:48 AM
From: Goose94	Read Replies (2) \| Respond to of 203715

Arizona Mining (AZ-T) can raise money, HELL YEAH!!! June 9, '16 - NR Arizona Mining is pleased to announce that it has closed the previously announced private placement of 14,000,000 common shares of the Company at a price of $1.29 per common share for aggregate gross proceeds of $18,060,000 million. The offering was underwritten by a syndicate of underwriters led by Scotiabank and RBC Capital Markets, acting as joint bookrunners and co-lead underwriters, and including National Bank Financial Inc. and TD Securities Inc. Proceeds from the Offering will be used to fund an ongoing drill campaign to determine the size and extent of the Taylor Deposit at the Company's Hermosa Project and for working capital. About Arizona Mining Arizona Mining Inc. is a Canadian mineral exploration and development company focused on the exploration and development of its 100% owned Hermosa Project located in Santa Cruz County, Arizona. The Taylor Deposit, a lead-zinc-silver carbonate replacement deposit, has a resource of 39.4 million tonnes in the Inferred Mineral Resource category grading 11% zinc equivalent ("ZnEq") utilizing a 6% ZnEq cutoff grade calculated in accordance with NI 43-101 guidelines. The Taylor Deposit remains open to the north, west and south over land controlled by the Company and will be aggressively drilled to test the limits of the resource. The Company recently completed metallurgical test work on drill core from the Taylor Deposit that projects overall recoveries of 92.9% Pb; 85.5% Zn and 91% Ag using industry standard froth flotation processing technology. The Company's other project on the Hermosa property is the Central Deposit, a silver-manganese manto oxide development project that has a prefeasibility study completed in December 2013. SOURCE Arizona Mining Inc. Paul Ireland, CFO on 604-687-1717, e-mail info@arizonamining.com