Alianza completes $250,000 first tranche of financing

Aug 17, 2017

2017-08-16 16:24 ET – News Release

Mr. Jason Weber reports

ALIANZA MINERALS CLOSES THE FIRST TRANCHE OF UNIT FINANCING

Further to its July 20, 2017 news release, Alianza Minerals Ltd. has completed the first tranche of its private placement financing, pursuant to which it sold 1,785,715 units, at a price of 14 cents 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 20 cents expiring on Aug. 16, 2020. Insiders of the company purchased units in the aggregate amount of $119,100. The company granted $3,654 in cash finders’ fees and 26,100 finder warrants. Each finder warrant is exercisable into a common share at 14 cents for a period of three years expiring Aug. 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 the company’s 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 finance 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 chief executive officer. “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, focusing on gold and copper exploration in Latin America and Nevada.

Jason Weber, BSc, PGeo, Alianza’s president and chief executive officer, is a qualified person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.

We seek Safe Harbor.

http://alianzaminerals.com/news/