Alianza Minerals Closes Financing at $700,000
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 14, 2016) - Alianza Minerals Ltd. (TSX VENTURE:ANZ) ("Alianza" or the "Company") is pleased to announce that the $500,000 financing first announced on February 17, 2016, and increased to $675,000 on March 2, 2016, has been closed at $700,000.
"We are very pleased with the participation in this financing," commented Jason Weber, P.Geo., President and CEO of Alianza. "The placees comprise a good mix of long-term, supportive shareholders and new groups that we look forward to working with to build a successful prospect generator."
Alianza issued 7,000,000 units (a "Unit") at $0.10 per Unit, for gross proceeds of $700,000. Each Unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a 48-month period, expiring March 8, 2020, at a price of $0.15 per common share.
As part of the financing, Alianza paid $19,125 Finder's fee in cash and issued Finder's warrants, entitling the holder to purchase up to 191,250 Units for a period of 18 months at $0.10 per Finder's warrant. The securities issued are subject to a four-month hold period, expiring on July 8, 2016.
Alianza now has 22,779,078 common shares outstanding.
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 the Americas.
Forward Looking Information
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Shares-for-Debt Transaction, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
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Contact
Alianza Minerals Ltd.
Jason Weber
President and CEO
(604) 687-3520
(888) 889-4874
Alianza Minerals Ltd.
Sandrine Lam
Shareholder Communications
(604) 687-3520
(888) 889-4874
www.alianzaminerals.com