BULLETIN V2026-2138
ARIZONA GOLD & SILVER INC. ("AZS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 24, 2026
TSX Venture Tier 2 Company
Financing Type: Non-Brokered Private Placement.
Gross Proceeds: $18,000,000.00 in cash ("Cash") deposited into third-party escrow by an arm's length subscriber ("Investor").
Offering: 22,500,000 common shares of the Company ("Shares") bearing legends that set out scheduled monthly releases (Shares while covered by such legends, the "Restricted Shares").
Offering Price: $0.80 per Share.
Monthly Release: Over a 24-month period, tranches of Cash will be released from escrow based on the Company's market price, calculated on each release date. The restrictive legends will be removed from the relevant number of Restricted Shares upon confirmation of the Cash release.
Warrants: 5,625,000 Share purchase warrants ("Warrants") will be issued in equal installments to the Investor at the time of each Monthly Release. The Warrants will be priced at a 20% premium to the 20-day VWAP, and will have an expiry date of 3 years from the date of each Warrant issuance.
Upon closing, the Investor has received an additional 5,625,000 Warrants upfront, exercisable at $1.00 per Warrant Share for a period of 3 years from the date of issuance.
The Monthly Release and monthly issuance of Warrants are subject to Exchange acceptance.
Disclosure: Refer to the Company's news releases dated March 18, 2026 and June 1, 2026.
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