Business
Aztec Minerals Closes $575,000 Final Tranche of its Oversubscribed $1.6 Million Private Placement Financing
VANCOUVER, BC / ACCESSWIRE / November 18, 2021 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF)...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Minerals Closes $575,000 Final Tranche of its Oversubscribed $1.6 Million Private Placement FinancingVANCOUVER, BC / ACCESSWIRE / November 18, 2021 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) announces that it has closed the final tranche of its oversubscribed CAD$1.6 million private placement equity financing. The final tranche of the private placement consisted of 1.9 million units priced at CAD$0.30 per unit for total proceeds of CAD$575,000. Each unit consists of one common share in the capital of the company and one warrant which is exercisable to purchase an additional common share at an exercise price of CAD$0.40 until November 17, 2023.The Company intends to use the net proceeds of the private placement to conduct exploration work on its Cervantes porphyry gold-copper project in Sonora, Mexico, and its Tombstone epithermal gold-silver & CRD silver-lead-zinc-copper-gold project in Arizona, USA, as well as for general working capital purposes.The securities are subject to a four-month plus one day hold period ending on March 18, 2022 in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the \"Exchange\"). The private placement is subject to the final acceptance of the Exchange.About Aztec Minerals - Aztec is a mineral exploration company focused on the discovery of large mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. The historic, district-scale Tombstone property hosts both bulk tonnage epithermal gold-silver as well as CRD massive sulfide silver-lead-zinc-copper mineralization in Cochise County, Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).\"Simon Dyakowski\"Simon Dyakowski, Chief Executive OfficerAztec Minerals Corp.Contact Information - For more information, please contact:Simon Dyakowski, CEO or Bradford Cooke, ChairmanTel: (604) 619-7469Fax: (604) 685-9744Email: [email protected]: www.aztecminerals.comNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.Forward-Lookin...