Business
Alianza Minerals Arranges $250,000 Financing
VANCOUVER, British Columbia, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Alianza Minerals Ltd. (TSXV: ANZ OTC: TARSF) (“Alianza” or the “Company”) is pleased to report th
About this update from Silver North Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Alianza Minerals Ltd. (TSXV: ANZ OTC: TARSF) (“Alianza” or the “Company”) is pleased to report that it has arranged a financing of $250,000 to further advance its projects in BC, Yukon, Nevada and Peru. The financing is comprised of 5 million units at 5 cents per unit. Alianza has three very active projects in Yukon and Nevada, two of which are funded by by partners Coeur Mining and Hochschild Mining. Hochschild will fund drilling at the Horsethief gold project in south-eastern Nevada this spring. Jason Weber, President and CEO of Alianza, noted that “this year we are building off of a very successful 2019, where we delivered on our key projects. We made a new silver-bearing vein discovery at Haldane in Yukon’s famous Keno Hill Silver District. And together with our partner Hochschild Mining, we defined targets for our spring drill program at Horsethief to test this sediment-hosted gold target and its potential to host Long Canyon-style gold mineralization. With Coeur advancing our Tim Project, just 12 km north of their Silvertip Mine and exploration of some of our earlier-stage projects, we anticipate another very busy year for Alianza with plenty of opportunity for positive results to deliver to investors.” Financing Terms – 5,000,000 Units Each Unit is comprised of one common share and one common share purchase warrant at $0.05 per unit. The warrant is valid for three years from the date of closing of the offering and is exercisable at $0.10 to acquire one common share. Finder’s fees of 7.5% in cash and 7.5% in finder’s warrants will be paid to eligible parties. Members of Alianza’s board of directors and management team may be participating in this offering. All securities are subject to a four-month hold from the date of closing. About Alianza Minerals Ltd. Alianza employs a hybrid business model of joint venture funding and self-funded exploration to maximize opportunity for exploration success. The Company currently has gold, silver and base metal projects in Yukon Territory, British Columbia, Nevada and Peru. Alianza currently has three projects optioned/leased out in Nevada and Yukon Territory, and is actively exploring on two others. Alianza’s current partners include Hochshild Mining PLC (LON: HOC) and Coeur Mining, Inc. (NYSE: CDE).&nbs...