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

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the
Trulieve Cannabis Corp. - CEO, Kim Rivers.

" Trulieve Cannabis (CSE:TRUL) launching brands in West Virginia

Multi-state cannabis company, Trulieve Cannabis Corp. (TRUL), has begun launching two of its proprietary brands in West Virginia, U.S.

" Gold Lion (CSE:GL) acquires option to MIA LI-3 Lithium Project in the James Bay region

Gold Lion Resources (GL) has acquired the rights to a property option agreement.
The Market Herald Video

" Silver Bullet Mines (TSXV:SBMI) discovers new sulphide vein structures at its Buckeye Silver Mine

Silver Bullet Mines Corp. (SBMI) reported results from its Buckeye Silver Mine in Arizona.