On January 3, 2020, Arizona Silver Exploration Inc. (TSXV:AZS) closed the transaction. The company issued 6,827,617 units for proceeds of CAD 682,762. The transaction included participation from insiders of the company for a total of 1,738,671 units, including Mike Stark, Chief Executive Officer, President and Director for 400,000 units, Greg Hahn, Vice President and Director, for 510,171 units, Brady Stiles, Director, for 657,500 units and Dong H. Shim, Chief Financial Officer, for 171,000 units. All securities issued are subject to a hold period of four months. The company has received CAD 685,867.7811 in funding pursuant to Regulation D from six investors. The transaction has been approved by TSX Venture Exchange. The transaction included participation from a total of 22 placees. The company issued 3,413,809 share purchase warrants in the transaction.