Market Herald logo


Be the first with the news that moves the market
  • Aztec Minerals (TSXV:AZT) arranges non-brokered private placement worth C$430,000
  • The company will issue 8.6 million units at C$0.05
  • Raised funds to go towards exploration work at Tombstone and Cervantes projects
  • AZT shares were up 23 per cent and traded at C$0.08 per share

Mining company Aztec Minerals (TSXV:AZT) has arranged a non-brokered private placement to fund its projects in the United States and Mexico.

It has agreed to issue 8.6 million units to sophisticated investors, shareholders and company directors at C$0.05 per share, for a gross proceed of C$430,000.

The company intends to use the monies raised for general working capital and exploration programs at its Arizona-based Tombstone CRD silver-gold-lead-zinc-copper project and its Cervantes porphyry gold-copper project in Sonora state. 

Each unit is made up of one common share in the company’s capital and a one-half warrant.

One full warrant is exercisable to purchase an one additional common share at a price of C$0.10 for a two-year period after the placement’s closing date.

Aztec Mineral shares were up 23 per cent and traded at C$0.08 per share.

More From The Market Herald

" Eastern Platinum (TSX:ELR) sign finance facility agreement with Investec Bank

Eastern Platinum (ELR) has signed a finance facility agreement with Investec Bank.

" Revival Gold Intersects Revival (TSXV:RVG) intersects more gold at Beartrack-Arnett

Revival Gold (RVG) released new results from its 2022 drilling program at the Beartrack-Arnett Gold Project.

" Buscando Resources (CSE:BRCO) announces private placement financing

Buscando Resources (BRCO) announced a non-brokered private placement for gross proceeds of $200,000.
The Market Herald Video

" Dundee Corporation (TSX:DC.A) closes privatization of Big River Gold

Dundee (DC.A) has closed its privatization of Big River Gold with Aura Minerals.