Alianza Minerals Announces C$1.2 Million Non-Brokered Flow-Through Private Placement
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Trading Symbol (TSX-V: ANZ)
410-325 Howe Street
Vancouver, British Columbia
Canada V6C 1Z7
Tel: (604) 687 3520
Fax: 1-888-889-4874
www.alianzaminerals.com
NR 21-10
Alianza Minerals Announces C$1.2 Million Non-Brokered Flow-Through Private Placement
Not for distribution to United States Newswire Services or for dissemination in the United States
Vancouver, BC, May 31, 2021 - Alianza Minerals Ltd. (TSX-V: ANZ, OTCQB: TARSF) (“Alianza”
or the “Company”) is pleased to announce a non -brokered private placement of 10 million Flow -
Through Shares of the Company at a price of C$0.12 per flow-through share for gross proceeds to
the Company of up to C$1.2 million (the “ Offering”). Red Cloud Securities Inc. is acting as a finder
in connection with the Offering.
The gross proceeds from the issuance of the Flow -Through Shares will be use d for “Canadian
Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “ Qualifying
Expenditures”), which will be renounced with an effective date no later than December 31, 2021 to
the purchasers of the Flow -Through Shares in an agg regate amount not less than the gross
proceeds raised from the issue of the Flow -Through Shares. If the Qualifying Expenditures are
reduced by the Canada Revenue Agency, the Company will indemnify each Flow -Through Shares
subscriber for any additional tax es payable by such subscriber as a result of the Company’s failure
to renounce the Qualifying Expenditures.
The net proceeds from the sale of Flow-Through Shares shall be used for exploration of the
Company’s Haldane Silver Project in the Keno Hill District, Yukon.
Jason Weber, President and CEO of Alianza, noted that “ These funds will be used to complete
additional drilling at the West Fault target, where drilling is underway. This will be important in
helping us follow up the wide, high -grade intersection in our 2020 program which included 8.72
metres averaging 311 g/t silver, 0.89% lead and 1.13% zinc.”
The closing of the Offering is expected to occur on or about June 14, 2021 and is subject to receipt
of all necessary regulatory approvals including the TSX Venture Exchange (the “TSXV”). Finder’s
fees of 7% in cash and 7% in finder’s warrants will be paid to eligible parties. Each finder’s warrant
is exercisable into one common share at C$0.12 for a period of 24 months. The Flow -Through
Shares issued with respect to the Offering will be subject to a hold period of four months and one
day in accordance with applicable securities laws.
This news release does not constitute an o ffer of securities for sale in the United States. The
securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and such securities may not be offered or sold within the
United States a bsent U.S. registration or an applicable exemption from U.S. registration
requirements.
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About Alianza Minerals Ltd.
Alianza employs a hybrid business model of joint venture funding and self -funded projects to
maximize opportunity for exploration succe ss. The Company currently has gold, silver and
base metal projects in Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza
currently has one project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and is
actively seeking partners on other projects.
The Company is listed on the TSX Venture Exchange under the symbol “ANZ” and trades on
the OTCQB market in the US under the symbol “TARSF”.
Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd. is a Qualified Person as
defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical
information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
Renmark Financial Communications Inc.
Melanie Barbeau
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
To learn more visit:
www.alianzaminerals.com
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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL
INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY’S FUTURE PLANS AND OBJECTIVES OR
EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE
BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT
IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY
FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.