Business
Alianza Minerals Private Placement Fully Subscribed
(TheNewswire) Vancouver, BC – TheNewswire - May 13, 2022 - ...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Alianza Minerals Private Placement Fully Subscribed\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, BC –\n \n \n TheNewswire -\n \n \n May 13, 2022\n \n -\n \n Alianza Minerals Ltd.\n \n \n (TSXV:ANZ\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 the non-brokered private\nplacement of 10 million Units of the Company at a price of $0.075 per\nUnit for gross proceeds to the Company of up to $750,000 (the “\n \n Offering\n \n ”) is fully subscribed and\nwill be closed shortly.\n \n \n Each Unit is comprised of one common share and one half of a common\nshare purchase warrant. Each full common share purchase warrant will\nentitle the holder to purchase one common share for a period of three\nyears from closing of the placement for $0.125 per common share. The\ncommon share purchase warrants are non-transferable.\n \n \n The proceeds from this private placement will be used to fund various\nactivities of Alianza including exploration conducted outside of\nCanada, project generation and marketing of projects in 2022, and\nother corporate overhead costs.\n \n \n Jason Weber, President and CEO of Alianza, noted that “We appreciate\nthe support of those who took part in this financing. We are looking\nforward to a very busy 2022, building on the high-grade silver results\nfrom our Haldane Project in the historic Keno Hill District in 2021,\nas well as our base and precious metals we will advance with our\npartners.”\n \n \n The closing of the Offering is expected to occur shortly, and is\nsubject to receipt of all necessary regulatory approvals including the\nTSX Venture Exchange (the “TSXV”). No finder’s fees will be\npaid. The common shares and warrants issued with respect to the\nOffering will be subject to a hold period of four months and one day\nin accordance with applicable securities laws.\n \n \n This news release does not constitute an offer of securities for sale\nin the United States. The securities being offered have not been, nor\nwill they be, registered under the United States Securities Act of\n1933, as amended, and such securities may not be offered or sold\nwithin the United States absent U.S. registration or an applicable\nexemption from U.S. registration requi...