Management announced yesterday a non-brokered private placement of 3,333,333 units at C$0.30, for gross proceeds of C$1M.
This is a good deal for anyone who’s a qualified investor and wants to jump in, since it’s priced below market (and is why the stock is selling off) and also comes with a full warrant, good for two years at $0.45.
A few things to be aware of if you’re considering the private placement or even buying in the open market…
If you want to participate, email Mike at mike.stark@arizonagoldsilver.com or call him directly at (604) 833-4278. I would not be surprised to see this placement oversubscribed.
If you’re buying in the open market, I’ll point out the stock is down 27% YTD and near its 52-week low, thus making for a strong entry point. I participated in an earlier private placement so am already overweight the stock. If you own it, I recommend holding on to ‘er.
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