Arizona Metals Corp. to Begin Trading on the OTCQB Under Symbol
Arizona Metals Corp. to Begin Trading on the OTCQB Under Symbol
“AZMCF” on August 6th, 2020
TORONTO--(BUSINESS WIRE)--August 6, 2020--Arizona Metals Corp. (TSX.V:AMC) (the
“Company” or “Arizona Metals”), is pleased to announce that the Company will begin trading
on August 6 on the US Over-the-Counter market under the ticker AZMCF, in addition to
Arizona Metal’s primary stock exchange listing on the TSX Venture Exchange.
AMC is also pleased to announce that it has engaged Proconsul Capital Ltd. (the “Contractor”) to
provide investor relations services pursuant to a contracting services agreement (the “Services
Agreement”). The Services Agreement is dated effective August 1, 2020 and may be terminated
by either party on one month's notice. Services provided by the Contractor will relate to ongoing
communications and promotional support for the Company’s relations with the professional
investment community. Pursuant to the Services Agreement, the Company will pay to the
Contractor a fee of $3,000 per month (plus applicable taxes) and an aggregate of 100,000 stock
options (“Options”) to purchase common shares of the Company at a price of $0.80 for a period
of two years. The Options will vest monthly in equal installments over the course of one year
from the date of the Services Agreement. The Contractor is an arm's length party to the Company
and, to the Company’s knowledge does not currently own any securities of the Company as at
the date hereof but may purchase securities in the Company from time to time for investment
purposes. The Services Agreement is subject to acceptance by the TSX Venture Exchange.
About Arizona Metals Corp
Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located
on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any
royalties. An historic estimate by Exxon Minerals in 1982 reported a “proven and probable
reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t
silver.” The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. The
historic estimate has not been verified as a current mineral resource. None of the key
assumptions, parameters, and methods used to prepare the historic estimate were reported, and
no resource categories were used. Significant data compilation, re-drilling and data verification
may be required by a Qualified Person before the historic estimate can be verified and upgraded
to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as
a current mineral resource, and Arizona Metals is not treating the historic estimate as a current
mineral resource.
The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at
least 900 m. It is open for expansion on strike and at depth.
The Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is
located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a
historic estimate of “100 million tons containing 1.5 million ounces gold” at a grade of 0.5 g/t
(Dausinger, 1983, Westworld Resources).
1The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in
1983. The historic estimate has not been verified as a current mineral resource. None of the key
assumptions, parameters, and methods used to prepare the historic estimate were reported, and
no resource categories were used. Significant data compilation, re-drilling and data verification
may be required by a Qualified Person before the historic estimate can be verified and upgraded
to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a
current mineral resource, and Arizona Metals is not treating the historic estimate as a current
mineral resource.
The Qualified Person who reviewed and approved the technical disclosure in this release is
David Smith, CPG.
This press release contains statements that constitute “forward-looking information”
(collectively, “forward-looking statements”) within the meaning of the applicable Canadian
securities legislation, All statements, other than statements of historical fact, are forward-
looking statements and are based on expectations, estimates and projections as at the date of this
news release. Any statement that discusses predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but not always using phrases such
as “expects”, or “does not expect”, “is expecte d”, “anticipates” or “does not anticipate”,
“plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or
variations of such words and phrases or stating that certain actions, events or results “may” or
“could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking statements. Forward-looking statements contained in
this press release include, without limitation, statements regarding the resumption of drilling and
the effects of the COVID-19 pandemic on the business and operations of the Company. In
making the forward- looking statements contained in this press release, the Company has made
certain assumptions. Although the Company believes that the expectations reflected in forward-
looking statements are reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct. Known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. Such factors include, but are not
limited to: availability of financing; delay or failure to receive required permits or regulatory
approvals; and general business, economic, competitive, political and social uncertainties.
Accordingly, readers should not place undue reliance on the forward-looking statements and
information contained in this press release. Except as required by law, the Company disclaims
any intention and assumes no obligation to update or revise any forward-looking statements to
reflect actual results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward- looking statements or otherwise.
NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Not for distribution to US newswire services or for release, publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States
Contacts
For further information, please contact:
Marc Pais
President and CEO Arizona Metals Corp.
(416) 565-7689
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp