Aztec Minerals Closes Oversubscribed $3.6 million Private Placement

About this update from Aztec Minerals Corp.

[{"type":"text","content":"Aztec Minerals Closes Oversubscribed $3.6 million Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Crescat Capital LLC, a strategic institutional\nshareholder, participated in the private placement financing\n \n\n\n\n\n\n Financing upsized to $3.6 million due to strong\ninvestor interest\n \n\n\n\n\n\n\n\n News Release -\nVancouver, Canada –\n \n\n TheNewswire -\n \n\n May 13, 2025\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 announces that, further to its\nnews release dated April 22, 2025, the Company has\n \n\n closed an oversubscribed non-brokered private placement (the\n“\n \n\n Private\nPlacement\n \n\n ”), consisting of 20,000,000 units\n(“\n \n\n Units\n \n\n ”) at a price of CAD$0.18 per Unit for aggregate gross\nproceeds of CAD$3,600,000.  Each Unit is comprised of one common\nshare of the Company and one half of one transferable common share\npurchase warrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”).  Each\nwhole Warrant entitles the holder thereof to purchase one common share\nof the Company at a price of CAD$0.24 per share for a period of three\nyears from the closing date of the Private Placement.\n \n\n\n\n Due to strong investor interest in the Private\nPlacement, Aztec increased the financing from the original stated\namount of up to CAD$3.0 million to up to CAD$3.6 million.\n \n\n The Company also announces that\n \n\n\n\n Crescat Capital LLC\n(“\n \n\n Crescat\n \n\n ”), a strategic institutional shareholder, participated in\nthe\n \n\n Private Placement.\n \n\n\n\n Simon Dyakowski, Aztec Minerals President & CEO\nstated, “\n \n\n We are pleased to\ncomplete this oversubscribed non-brokered private placement financing\nand are grateful for the ongoing support of our existing shareholders\nand several new shareholders.  Notably, Aztec welcomes Crescat\nCapital as a strategic institutional shareholder\n \n\n ”.\n \n\n\n\n In connection with the Private Placement, the Company\npaid aggregate cash finder’s fees of $162,254.08 and issued 901,411\nnon-transferable finder warrants to certain finders and brokers. The\nfinder warrants are each exercisable to purchase ...

More updates from Aztec Minerals Corp.