Arizona Metals Corp. (TSXV: AMC, OTCQX: AZMCF) (the 'Company' or 'Arizona Metals') announces that it has qualified to trade on the OTCQX Best Market.
Arizona Metals Corp. upgraded to OTCQX from the OTCQB Venture Market. In addition, the Company has secured DTC eligibility by The Depository Trust Company ('DTC') for electronic settlement and transfer of its common shares in the United States.
Arizona Metals Corp. begins trading today on OTCQX under the symbol 'AZMCF.' U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on https://www.otcmarkets.com/stock/AZMCF/overview.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered 'DTC eligible'. This reduces costs and accelerates the settlement process for investors and brokers, allowing the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
Marc Pais, CEO, commented 'We are pleased to trade on the OTCQX Market, which will provide increased accessibility and liquidity for U.S. investors. The timing coincides well with our Phase 2 drill program at the Kay Mine, which began two weeks ago. We expect to release a steady flow of drill results over the coming months. We are expecting to close an over-subscribed private placement of CDN$10 million later this week, which will put us in a very strong financial position to complete an aggressive drill program. We will issue another press release on closing of the financing.'
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. (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company)
The Kay Mine 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.
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, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.)
Contact:
Marc Pais
Tel: (416) 565-7689
Email: mpais@arizonametalscorp.com
Web: www.arizonametalscorp.com
ARIZONA METALS CORP. 
