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Aztec Minerals Announces $5 Million Bought Deal Private Placement of Common Shares
Aztec Minerals Announces $5 Million Bought Deal Private Placement of Common Shares Cana...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"\n\n\n\n Aztec Minerals Announces $5 Million Bought Deal Private Placement of Common Shares\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 24, 2025\n \n\n /CNW/ -\n \n Aztec Minerals Corp.\n \n (TSXV: AZT) (OTCQB: AZZTF) (\"\n \n Aztec\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into an agreement with Stifel Canada to act as the sole underwriter and bookrunner (the \"\n \n Underwriter\n \n \") in connection with a \"bought deal\" private placement offering of 21,300,000 common shares of the Company (the \"\n \n Offered Shares\n \n \") at a price of\n \n C$0\n \n .235 per Offered Share (the \"\n \n Issue Price\n \n \") for gross proceeds to the Company of\n \n C$5,005,500\n \n (the \"\n \n Offering\n \n \").\n \n\n The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of Offered Shares to be sold under the Offering at the Issue Price for additional gross proceeds of up to approximately\n \n C$750,000\n \n .\n \n\n The Company intends to use the net proceeds to conduct exploration work on its Tombstone gold-silver & CRD silver-lead-zinc-copper-gold project in\n \n Arizona, USA\n \n , and its\n \n Cervantes\n \n gold-copper project in\n \n Sonora, Mexico\n \n , as well as for general working capital purposes.\n \n\n The Offering is expected to close on or about\n \n October 16, 2025\n \n (the \"\n \n Closing Date\n \n \") and is subject to the Company receiving all necessary regulatory approvals, including the conditional approval from the TSX Venture Exchange.\n \n\n The Company shall pay the Underwriter a cash fee equal to 7% of the gross proceeds of the Offering (inclusive of any Offered Shares purchased in connection wi...