Arizona Lithium Limited (ASX: $AZL) offers 328.4 million shares to raise C$14.8 million

Arizona Lithium Limited (ASX: $AZL) has announced the offer of 328,356,469 shares at an issue price of C$0.0446 per share, along with one-half free-attaching options for every one share subscribed for and issued. The offer is made in two tranches, with PearTree Securities Inc. agreeing to subscribe for the shares under the subscription agreements. The company aims to raise up to C$14,800,000 through this offer.

Executive Commentary on the Offer

The company is pleased to announce the offer of shares and options to raise funds for our lithium projects. We believe this offer will provide the necessary capital to advance our projects and drive our corporate strategy forward. We are committed to creating value for our shareholders and delivering on our objectives.

Summary of Arizona Lithium's Offer

Arizona Lithium Limited (ASX: $AZL) has offered 328,356,469 shares at an issue price of C$0.0446 per share, along with one-half free-attaching options for every one share subscribed for and issued, to raise up to C$14,800,000. The company aims to utilize the funds raised to advance its lithium projects, including the Big Sandy Lithium Project, Prairie Lithium Brine Project, and Lordsburg Lithium Project. The offer is made in two tranches, with PearTree Securities Inc. agreeing to subscribe for the shares under the subscription agreements. The company's executive team is optimistic about the potential of the projects and is focused on delivering value to its shareholders.