Alianza closes $750,000 private placement

Apr 29, 2018

2018-04-27 10:00 ET – News Release

Mr. Jason Weber reports

ALIANZA MINERALS CLOSES FLOW-THROUGH AND UNITS FINANCING AT $750,000

Alianza Minerals Ltd. has completed its private placement financing, raising a total of $750,000. Of the total proceeds, $500,000 is from the unit financing and $250,000 is from the flow-through share financing.

“I would like to thank both our long-time supporters and new shareholders who have participated in this financing,” stated Jason Weber, PGeo, president and chief executive officer of Alianza. “We can now move forward with planning our field programs for the 2018 season, particularly in the Yukon and Nevada.”

Financing terms

Each unit comprises one common share and one common share purchase warrant at 10 cents. The warrant is valid for two years expiring on April 25, 2020, 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 are issued at 10 cents per share and the proceeds will be spent on qualifying exploration expenditures on Alianza’s projects in the Yukon, specifically on the recently acquired Haldane silver property.

A total of $24,000 was paid in finder’s fees and 240,000 finder’s warrants were issued. Each finder’s warrant is exercisable to purchase one common share at 10 cents each until April 25, 2020.

All securities have a four-month hold period from the date of issuance. The financing has received approval from the TSX Venture Exchange.

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.

We seek Safe Harbor.

https://alianzaminerals.com/news/