Business
Alianza Minerals Announces $1 million Flow Through Non-Brokered Private Placement
(TheNewswire) Vancouver, BC - TheNewswire - December 12, 2022 - Alianza Mineral...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Alianza Minerals Announces $1 million Flow Through Non-Brokered 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 \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n December 12, 2022\n \n -\n \n Alianza Minerals Ltd.\n \n \n (TSXV: ANZ\n \n \n )\n \n \n (\n \n \n OTC:TARSF)\n \n (“\n \n Alianza\n \n ” or the “\n \n Company\n \n ”) is pleased to announce a\nnon-brokered private placement of 20 million “Flow-Through” Shares\nof the Company at a price of C$0.05 per Share for gross proceeds to\nthe Company of up to $1 million (the “\n \n Offering\n \n ”).\n \n \n The proceeds from the sale of the Flow-Through Shares shall be spent\non exploration (“Canadian Exploration Expenditures” as defined by\nthe Income Tax Act of Canada) at the Company’s Haldane Silver\nProject in the Keno Hill District, Yukon. Previous drilling on the\nHaldane Silver Project recently discovered high-grade silver\nmineralization (including HLD20-19 which hit\n \n 4.48 metres averaging 444 g/t silver, 0.15\ng/t gold, 1.5% Pb and 1.3% Zn\n \n and hole 21-24 which hit\n \n 3.14 metres averaging 1,351 g/t silver,\n0.08 g/t gold, 2.43% Pb and 2.91% Zn\n \n ). Mineralization at\nHaldane resembles that historically mined from Keno Hill District\ndeposits in grade and style. Drilling in 2023 will target the\nexpansion of the West Fault target as well as other targets such as\nthe Bighorn discovery, where the only drill hole to test this target\ndiscovered new Keno-style vein mineralization.\n \n \n Jason Weber, P.Geo., President and CEO of Alianza commented, “We are\nvery pleased with the support from our shareholders and investors, who\nare as eager as we are to advance the exploration programs at Haldane\nand continue to expand the potential for high grade silver deposits in\none of the world’s highest grade silver districts.”\n \n \n The closing of the Offering is expected to occur on or about December\n20, 2022 and is subject to receipt of all necessary regulatory\napprovals including the TSX Venture Exchange (the “TSX-V”).\nFinder’s fees of 7% in cash will be paid to eligible parties. The\ncommon shares issued with respect to the Offering will be subject to a\nhold period of four months and one...