Alianza Minerals (ANZ-V) Financing Over Subscribed
March 2nd 2016 - NR
Alianza Minerals is pleased to announce that the $500,000 financing announced on February 17, 2016 is over-subscribed and the Company will now proceed to close the offering for $675,000.
"We are pleased that the offering was placed with groups that are supportive of the prospect generator model and have a longer term view of investing in exploration," commented Jason Weber, President and CEO. "We are eager to complete some important property acquisitions in addition to securing partners for our current portfolio of projects in Yukon, Nevada and Peru."
Alianza Financing
Alianza raised $675,000 by way of a private placement of units comprised of one common share of Alianza and one non-transferable common share purchase warrant. Each warrant allows the holder to acquire one common share at a price of $0.15 for a period of 4 years after closing of the private placement.
Finder's fees of 5% cash and 5% of the amount of units sold will be paid to certain parties upon closing of the offering which will be completed shortly.
The securities issued in this offering will have a four month trading restriction.
The funds raised will be used to carry out Alianza's 2016 plans as announced on February 11, 2016.
Debt Settlement Completed
The proposed debt settlement was approved by the shareholders of Alianza at the Special General Meeting on February 29th, 2016, and the TSX Venture Exchange has now accepted the filings for the settlement. Alianza will now complete the issuance of the 2 million common shares to settle debts to Pacific Opportunity Capital Ltd. of $300,000.
About Alianza Minerals Ltd.
Alianza increases the chances of success in mineral exploration by using the "Prospect Generator" business model, focusing on gold and copper exploration in Latin America and Nevada.
Alianza Minerals Ltd.
Jason Weber
President and CEO
Tel: (604) 687-3520
Fax: (888) 889-4874
Alianza Minerals Ltd.
Sandrine Lam
Shareholder Communications
Tel: (604) 687-3520
Fax: (888) 889-4874
www.alianzaminerals.com |
