South32 closes private placement of 45 million common shares in Arizona Mining for C$110.3 million

South32 Limited entered into a binding agreement with Arizona Mining Inc. for the sale to South32 on a private placement basis of 45,000,000 common shares (~15%) in Arizona Mining for C$2.45 per share for a total investment of C$110.3 million. Fasken advised South32 on all aspects of this transaction including the negotiating and closing of the private placement.