Business
Aztec Minerals Arranges Private Placement Financing
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States ...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Minerals Arranges Private Placement FinancingNot for Distribution to U.S. Newswire Services or for Dissemination in the United StatesVANCOUVER, BC / ACCESSWIRE / June 11, 2019 / Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (\"Aztec\" or the \"Company\") has arranged a non-brokered private placement financing (the \"Private Placement\") with insiders and shareholders of the Company and sophisticated investors. The Company has agreed to issue a minimum of 3 million units (each, a \"Unit\") at a price of CAD$0.12 per Unit to raise minimum gross proceeds of CAD$360,000. Each Unit will consist of one common share in the capital of the Company and one full warrant to purchase an additional common share at an exercise price of CAD$0.20 for a two-year period following the closing of the Private Placement. The Company intends to use the net proceeds of the Private Placement to further the Company's exploration programs at the Cervantes porphyry gold-copper project in Sonora and the Tombstone CRD silver-lead-zinc-copper project in Arizona, as well as for general working capital purposes. The closing of the Private Placement is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the \"TSXV\"). The securities issued pursuant to the Private Placement are subject to a four-month hold period under applicable Canadian securities laws commencing on the closing date of the Private Placement. The securities being offered under the Private Placement have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. About Aztec Minerals - Aztec is a mineral exploration company focused on the discovery of large mineral deposits in the Americas. Our core assets include the prospective, district scale Cervantes porphyry gold-copper property in Sonora, Mexico, and the Tombstone CRD silver-lead-zinc-copper district in Arizona. The Company board and management have successful track records of value creation through discovery, d...