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Alianza Minerals Receives Approval for Repriced Warrants and Announces Warrant Exercise Incentive Program
(TheNewswire) Vancouver, BC - TheNewswire - February 13, 2023 - Alianza Mineral...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Alianza Minerals Receives Approval for Repriced Warrants and Announces Warrant Exercise Incentive Program\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 February 13, 2023 -\n \n \n Alianza Minerals Ltd.\n \n \n (“Alianza”)\n \n \n (TSX-V:ANZ\n \n \n )\n \n \n (\n \n \n OTC:TARSF)\n \n is\npleased to announce that\n \n further to the Company's news\nrelease dated February 8, 2023, the Company has received the approval\nfrom the TSX Venture Exchange (the “Exchange”) to amend the\nexercise price of 19,100,000 share purchase warrants\n(\"\n \n \n Warrants\n \n \n \")\nwhich expire on February 25, 2023 from $0.10 to $0.05\n \n (the\n\"Warrant Amendments\").\n \n \n \n Also, further to the Company's news release of the same\ndate, the Company will now proceed with the warrant exercise incentive\nprogram, (the \"\n \n \n Incentive\nProgram\n \n \n \") designed to encourage the early\nexercise of the Warrants.\n \n \n \n Under the Incentive Program, the Company is offering an inducement to\neach Warrant holder that exercises their Warrants on or before March\n15, 2023 (the \"Early Exercise Period\"), by the issuance of\none additional common share purchase warrant (an \"Incentive\nWarrant\") for each Warrant exercised early. Each Incentive\nWarrant will entitle the holder to purchase one additional common\nshare for a period of 24 months from the date of issuance of such\nIncentive Warrant, at a price of $0.10. The Incentive Warrants will be\nsubject to a four-month hold period from the date of issuance.\n \n The Incentive Program will expire on March 15, 2023 at 4:00\np.m. (Vancouver time) (the \"\n \n \n Early Exercise\nExpiry Date\n \n \n \")\n \n \n \n \n If all of the Warrants are exercised during the Early\nExercise Period, the Company expects to:\n \n \n \n \n \n \n Receive gross proceeds up to $955,000 on or before the\nEarly Exercise Expiry Date;\n \n \n \n \n \n \n Issue up to 19,100,000 common shares pursuant to the\nexercise of the Warrants by holders in accordance with the original\nterms of the Warrants; and\n \n \n \n \n \n \n Issue up to 19,100,000 Incentive Warrants to Warrant\nholders pursuant to the early exercise of the Warrants on or before\nthe Early Exercise Expiry Date.\n \n \n \n \n \n \n The term...