Newsfile Corp
09 Jun 2026, 21:47 UTC · 13h ago
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Arizona Eagle Mining Corp. closed a non-brokered private placement raising approximately C$8.59 million, significantly exceeding the C$3 million minimum target. — Strong oversubscription and a substantial cash influx improve the company's solvency and signal high investor confidence.
+0.60The company will use the proceeds to fund the pending acquisition of the Eagle Silver Project and a 2,500-metre drill program. — Direct funding for asset acquisition and exploration is a primary driver of value growth for junior mining companies.
+0.50The offering resulted in the issuance of 7,811,225 common shares and 3,905,611 warrants. — The issuance of new shares causes equity dilution for existing shareholders.
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The company successfully closed a significantly oversubscribed private placement, raising over C$8.5 million to fund exploration and acquisitions.
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