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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
Aztec Minerals Announces Closing of Upsized C$6.4 Million Bought Deal Private Placement
Including Concurrent Exercise of Underwriter’s Option
Vancouver, Canada – September 22 , 202 6 - Aztec Minerals Corp. (AZT: TSX -V, OTCQB:
AZZTF) (“Aztec” or the “ Company”) is pleased to announce , further to its news releases dated
September 2, 2026 and September 3, 2026, the closing of its previously announced “bought deal”
private placement offering (the “Offering”) for aggregate gross proceeds of C$6,403,200. Pursuant
to the Offering, the Company sold 20,010,000 units of the Company (the “Units”) at a price of C$0.32
per Unit (the “ Issue Price ”). Stifel Canada acted as the sole underwriter and bookrunner (the
“Underwriter”) in connection with the Offering . Closing of the Offering includes the full exercise of
the Underwriter’s option to purchase an additional 15% of the Units sold under the Offering at the
Issue Price for additional gross proceeds of up to approximately C$835,200.
Each Unit is comprised of one common share of the Company (each a “Common Share”) and one-
half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will
entitle the holder thereof to purchase one Common Share (each a “Warrant Share”) at a price of
C$0.42 for a period of 24 months following the date hereof.
In connection with the Offering, the Company paid the Underwriter a cash commission of C$316,992,
equal to 6% of the gross proceeds of the Offering, and issued to the Underwriter 990,600 non-
transferable common share purchase warrants of the Company (the “ Broker Warrants”), equal to
6% of the number of Units sold under the Offering (in each case, excluding the proceeds paid by,
and the Units sold to, certain subscribers, for which the Underwriter did not receive a commission).
Each Broker Warrant entitles 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 at any time on or before
September 22, 2028.
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 Common Shares and Warrants comprising the Units, Warrant Shares, Broker Warrants and
Broker Warrant Shares are subject to a hold period of four months and one day from the closing
date of the Offering in accordance with 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 securitie s 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.
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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 CRD
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 & CEO, Director
Tel: (604) 685-9770
Fax: (604) 685-9744
Email: [email protected]
Website: www.aztecminerals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has appr oved or disapproved the information
contained herein.
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
use of proceeds from 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 available 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.