Business
Alianza Minerals Reprices Warrants and Announces Warrant Exercise Incentive Program
(TheNewswire) Vancouver, BC - February 8, 2023 - Alianza Minerals Ltd. (“Alianza...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Alianza Minerals Reprices 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 - February 8, 2023 -\nAlianza Minerals Ltd. (“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 it intends to reprice a total of 19,100,000\noutstanding common share purchase warrants (\"Warrants\").\n The Warrants, which expire on February 25, 2023, will be repriced\nfrom the current $0.10 exercise price to $0.05 (the \"Warrant\nAmendments\").\n \n \n The Warrant Amendments are subject to acceptance by the TSX Venture\nExchange (the \"Warrant Amendment Approval\").\n \n \n \n \n Immediately following the Warrant Amendments, the Company will run a\nwarrant exercise incentive program (the \"Incentive Program\")\ndesigned to encourage the early exercise of the Warrants.\n \n \n Under the Incentive Program, the Company is offering an inducement to\neach Warrant holder that exercises their Warrants during a period of\n30 days from receipt of Warrant Amendment Approval (the \"Early\nExercise Period\"), by the issuance of one additional common share\npurchase warrant (an \"Incentive Warrant\") for each Warrant\nexercised early. Each Incentive Warrant will entitle the holder to\npurchase one additional common share for a period of 24 months from\nthe date of issuance of such Incentive Warrant, at a price of $0.10.\nThe Program will commence upon receipt of Warrant Amendment Approval\nand will expire 30 days thereafter at 4:00 p.m. (Vancouver time). The\nIncentive Warrants will be subject to a four-month hold period from\nthe date of issuance.\n \n \n The Company intends to issue a news release upon receipt of Warrant\nAmendment Approval and commencement of the Incentive Program outlining\nthe terms and conditions and the method of exercising the Warrants\npursuant to the Incentive Program. The Incentive Program remains\nsubject to TSX Venture Exchange Approval.\n \n \n \n About Alianza Minerals Ltd.\n \n \n \n Alianza employs a discovery-focused business model of joint venture\nfunding and self-funded projects to maximize opportunity for\nexploration success. The Company’s primary asset is the Haldane\nsilver project and also currently has gold, silver and base metal\nproje...