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Aztec Minerals Announces Closing of Upsized C$10 Million Bought Deal Private Placement Including Concurrent Exercise of Over-Allotment Option
(TheNewswire) Vancouver, Canada – October 16, 2025 – TheNewswire –...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Minerals Announces Closing of Upsized C$10 Million Bought Deal Private Placement Including Concurrent Exercise of Over-Allotment Option\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, Canada – October 16,\n2025 –\n \n\n TheNewswire –\n \n\n Aztec Minerals Corp. (AZT:\nTSX-V, OTCQB: AZZTF)\n \n\n (“\n \n\n Aztec\n \n\n ” or the\n“\n \n\n Company\n \n\n ”)\n \n\n is pleased to announce the closing\nof its previously announced “bought deal” private placement\noffering (the “\n \n\n Offering\n \n\n ”), including the full exercise of\nthe over-allotment option (the “\n \n\n Over-Allotment Option\n \n\n ”\n \n\n ) for aggregate gross proceeds of\nC$10,004,655. Pursuant to the Offering, the Company sold 42,573,000\ncommon shares of the Company (the “\n \n\n Offered Shares\n \n\n ”) at\na price of C$0.235 per Offered Share (the “\n \n\n Issue Price\n \n\n ”).\nStifel Canada acted as the sole underwriter and bookrunner (the\n“\n \n\n Underwriter\n \n\n ”) in connection with the Offering. The Underwriter fully\nexercised the Over-Allotment Option to purchase an additional\n5,553,000 Offered Shares at the Issue Price.\n \n\n\n\n Simon Dyakowski, Aztec’s President and CEO stated,\n“The closing of this upsized and over allotted $10 million bought\ndeal financing represents a significant milestone for Aztec Minerals.\n The Company is now well funded to advance our respective precious\nmetals focused projects through accelerated exploration.  The\nfinancing was subscribed to by institutional investors and provides\nfor the necessary capital to further de-risk our projects”.\n \n\n\n\n In connection with the Offering, the Company paid the\nUnderwriter a cash commission of C$700,326, equal to 7% of the gross\nproceeds of the Offering, and issued to the Underwriter 2,980,110\nnon-transferable common share purchase warrants of the Company (the\n“\n \n\n Broker Warrants\n \n\n ”),\n \n\n equal to 7% of the number of\nOffered Shares sold under the Offering. Each Broker Warrant entitles\nthe holder to acquire one common share in the capital of the Company\n(a “\n \n\n Broker Warrant\nShare\n \n\n ”) at an exercise price equal to the\nIssu...