Arizona Silver Announces Closing of Non-Brokered Private Placement
#804 – 750 West Pender Street, Vancouver, BC, V6C 2T7
T: 604.682.2928 / F : 604.685.6905 / W : www.arizonasilverexploration.com
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
ARIZONA SILVER ANNOUNCES CLOSING OF
NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia / January 3, 2020 – Arizona Silver Exploration Inc. (the “Company” or “Arizona
Silver”) (TSX -V: AZS) (OTCQB: AZASF) is pleased to announce that it has closed a non -brokered private
placement (the “Private Placement”) of 6,827,617 units (the “Units”) at a price of $0.10 per Unit raising total gross
proceeds of $682,762.
Each Unit will consist of one common share (the “Shares”) of the Company and one-half of one transferable common
share purchase warrant (each, a " Warrant") with each whole Warrant exercisable at a price of $0. 15 per Share for a
period of two years from closing of the Private Placement , provided that in the event that the closing price of the
Company’s Shares on the TSX Venture Exchange is $0.35 or greater per Share during any 10 consecutive trading day
period the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30 th day after the date on which the Company
provides notice of such accelerated expiry to the warrantholders, and the warrantholders will have no further rights to
acquire any Shares of the Company under the Warrant.
Insiders of the Company subscribed for a total of 1,738,671 Units, with Mike Stark, President, CEO and a director of
the Company, subscribing for 400,000 Units, Greg Hahn, VP Exploration and a director of the Company, subscribing
for 510,171 Units; Brady Stiles, a director of the Company subscribing for 657,500 Units and Dong H. Shim, CFO of
the Company, subscribing for 171,000 Units. As a result, the Private Placement is a re lated party transaction (as
defined under Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special Transactions
(“MI 61-101”)). The Company relied upon the “Issuer Not Listed on Specified Markets” and “Fair Market Value Not
More T han $2,500,000” exemptions from the formal valuation and minority shareholder approval requirements,
respectively, under MI 61-101.
The Company plans to use the proceeds of the Private Placement for further exploration of the Philadelphia Property
in Mohave County and the Ramsey silver mine in La Paz County, both in the state of Arizona, USA, and for general
working capital purposes.
All securities issued are subject to a four-month hold period.
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Mike Stark, President, CEO and Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities referred to in this news release have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S.
registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy
any securities. Any public offering of securities in the United States must be made by means of a prospectus
containing detailed information about the company and management, as well as financial statements.