Business
Aztec Minerals Announces Amendment to Non-Brokered LIFE Offering
Vancouver, Canada – July 23, 2024 – TheNewswire – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company”) is pleased to announce that it is a
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Vancouver, Canada – July 23, 2024 – TheNewswire – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company”) is pleased to announce that it is amending the terms of its non-brokered private placement financing, previously announced on July 16, 2024 and July 18, 2024, for up to 14,444,444 units of the Company (“Units”) at a price of C$0.18 per Unit for aggregate gross proceeds of up to C$2,600,000, increased from C$2,500,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one Share purchase warrant (each full common share purchase warrant, a “Warrant”). Each whole Warrant will entitle the holder thereof to purchase one Share at an exercise price of C$0.25 for twenty-four (24) months following the closing date of the Offering. The Units to be issued under the Offering will be offered to purchasers pursuant to the listed issuer financing exemption (“LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), in all the provinces of Canada, except Quebec. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. The Units may also be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company’s securities or require the Company to be subject to any ongoing disclosure requirements under any domestic securities laws. There is an amended and restated offering document related to the Offering that can be accessed under the Company’s profile at on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.aztecminerals.com. Prospective investors should read this offering document before making an investment decision. The Company intends to use the net proceeds of the Offering to fund the Company’s phase I reverse circulation (RC) drill program at the Tombstone Project (including ongoing joint-venture expenses), to fund ongoing expenses at the Cervantes Project and for general working capital and corporate expenses. The clos...