Alianza closes $700,000 private placement

Apr 19, 2018

2018-04-18 14:39 ET – News Release

Mr. Jason Weber reports

ALIANZA MINERALS OVER-SUBSCRIBES FINANCING

Alianza Minerals Ltd. has oversubscribed the financing announced on March 27, 2018, and increased it by $200,000 to $700,000.

Highlights:

$500,000 in units for exploration and working capital;
$200,000 in flow-through for Yukon exploration.

“We are very keen to get working on the new high-grade Haldane silver project and sign up exploration partners for our Nevada gold and Peru copper projects,” noted Jason Weber, president and chief executive officer. “These funds will allow us to make advances in all three areas.”

Financing terms

Each unit comprises one common share and one common share purchase warrant at 10 cents. The warrant is valid for two years from the date of closing of the offering and is exercisable at 15 cents to acquire one common share.

The flow-through shares will be eligible for a tax deduction for Canadian income tax payers for the 2018 year. These shares will be issued at 10 cents per share and the proceeds will be spent on qualifying exploration expenditures on Alianza’s projects in Yukon, specifically on the recently acquired Haldane silver property in the Keno Hill district.

Finders’ fees of 7.5 per cent in cash and 7.5 per cent in finders’ warrants will be paid to eligible parties.

Members of Alianza’s board of directors and management team will be participating in this offering.

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.

Mr. Weber, 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.

https://alianzaminerals.com/news/