Alianza Minerals Ltd. (TSX-V: ANZ) (“Alianza” or the “Company”) announces that, further to its July 20, 2017 news release, it has completed the first tranche of its private placement financing pursuant to which it sold 1,785,715 units (each, a “Unit), at a price of $0.14 per Unit, for gross proceeds of $250,000.
Each Unit consists of one common share and one half of a common share purchase warrant valid for a period of three years at an exercise price of $0.20 expiring on August 16, 2020. Insiders of the Company purchased Units in the aggregate amount of $119,100. $3,654 cash finder’s fee and 26,100 finders’ warrants were granted. Each finder’s warrant is exercisable into a common share at $0.14 for a period of 3 years expiring August 16, 2020. All securities have a four-month hold period from the date of issuance. The financing has received the TSX Venture Exchange approval.
The funds will be used to advance exploration projects in Nevada and Peru. In keeping with the Company’s business model, projects in its portfolio will be upgraded to attract partners to fund further exploration. Management is planning first pass programs on newly acquired concessions prospective for zinc in central Peru and continued preparations for a fall drill program at the Horsethief Property in Nevada.
“Our focus is to complete planning and permitting for the fall 2017 drilling at Horsethief, Nevada,” stated Jason Weber, President and CEO. “Completing the proposed financing will allow us to prepare for exploration in both Nevada and Peru in the coming months.”
About Alianza Minerals Ltd.
Alianza increases the chances of success in mineral exploration by using the “Prospect Generator” business model, focussing on gold and copper exploration in Latin America and Nevada.
The Company has 35.1 million shares issued and outstanding, and is listed on the TSX Venture Exchange (TSX-V: ANZ). Mr. Jason Weber, BSc, P.Geo., Alianza’s President and CEO is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 687-3520
Fax: (888) 889-4874
To learn more visit: www.alianzaminerals.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY’S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.