Aztec Minerals Announces Upsize of Bought Deal Private Placement to $8.7 Million
Aztec Minerals Announces Upsize of Bought Deal Private Placement to $8.7 Million
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, Canada - September 25, 2025 – Aztec Minerals Corp. (AZT: TSX -V, OTCQB: AZZTF) (“Aztec” or
the “Company”) is pleased to announce that due to investor demand, it has entered into an amended agreement
with Stifel Canada to act as the sole underwriter and bookrunner (the “Underwriter”), to increase the size of its
previously announced “bought deal” private placement offering, pursuant to which the Underwriter has agreed to
purchase on a bought deal basis, 37,020,000 common shares of the Company (the “Offered Shares”) at a price of
C$0.235 per Offered Share (the “Issue Price”) for gross proceeds to the Company of C$8,699,700 (the “Offering”).
The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to
purchase for resale up to an additional 15% of Offered Shares to be sold under the Offering at the Issue Price for
additional gross proceeds of up to approximately C$1,300,000.
The Company intends to use the net proceeds to conduct exploration work on its Tombstone gold -silver & CRD
silver-lead-zinc-copper-gold project in Arizona, USA, and its Cervantes gold -copper project in Sonora, Mexico, as
well as for general working capital purposes.
The Offering is expected to close on or about October 16, 2025 (the “Closing Date”) and is subject to the Company
receiving all necessary regulatory approvals, including the conditional approval from the TSX Venture Exchange.
The Company shall pay the Underwriter a cash fee equal to 7% of the gross proceeds of the Offering (inclusive of
any Offered Shares purchased in connection with the exercise of the Over -Allotment Option) (the “Commission”).
In addition, on the Closing Date, the Company shall issue to the Underwriter warrants of the Company (the “Broker
Warrants”), in such manner as directed by the Underwriter, equal to 7% of the number of Offered Shares sold under
the Offering (inclusive of any Offered Shares purchased in connection with the exercise of the Over-Allotment Option).
Each Broker Warrant shall entitle the holder to acquire one common share in the capital of the Company (a “ Broker
Warrant Share”) at an exercise price equal to the Issue Price per Broker Warrant Share for a period of 36 months
following the Closing Date.
The Offered Shares will be offered for sale to purchasers resident in Canada, pursuant to available prospectus
exemptions under National Instrument 45 -106 - Prospectus Exemptions or applicable law in Canada , and may be
offered outside of Canada provided that no prospectus, registration statement or similar document is required to be
filed in such jurisdiction and the Company does not thereafter become subject to continuous disclosure obligations
in such jurisdictions . The Offered Shares issued pursuant to the Offering will be subject to a hold period of four
months and a day under applicable Canadian securities laws.
No U.S. Offering or Registration
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of
any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the
securities in the United States. The securities described herein have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be
offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S
under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from
such registration requirements is available.
On behalf of the Board,
Simon Dyakowski
President, Chief Executive Officer and Director
About Aztec Minerals – Aztec is a mineral exploration company focused on two emerging discoveries in North
America. The Cervantes project is an emerging porphyry gold -copper discovery in Sonora, Mexico. The Tombstone
project is an emerging gold -silver discovery with high grade C RD silver -lead-zinc potential in southern Arizona.
Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).
Contact Information – For more information, please contact:
Simon Dyakowski, President, Chief Executive Officer and Director
Forward-Looking Information: Statements contained herein, other than historical fact, may be considered “forward-
looking information” within the meaning of applicable securities laws. Forward -looking information can be identified
by words such as, without limitation, “estimate”, “project”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “predict”,
“may” or “should” or variations thereon or comparable terminology. The forward-looking information contained herein
is based on the Company’s plans and expectations and assumptions as of the date such statements are made, and
includes information concerning the completion of the Offering, the participation of certain officers and directors in
the Offering, the total gross proceeds raised under the Offering, the use of proceeds from the Offering and the timing
of completion of the Offering. Such forward-looking information is subject to a variety of risks and uncertainties which
could cause actual events or results to differ materially from those reflected in the forward -looking information,
including, without limitation, the receipt of final approval from the TSX Venture Exchange in respect of the Offering
and the timing thereof and such other risks and uncertainties as disclosed in the Company’s public disclosure filings
on SEDAR+ at www.sedarplus.ca. Such information contained herein represents management’s best judgment as
of the date hereof, based on information currently ava ilable and is included for the purposes of providing investors
with information concerning the Offering and related matters, and may not be appropriate for other purposes. Aztec
does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.