Alianza Minerals Announces C$2.9 Million Non-Brokered Private Placement and Engages Red Cloud Financial Services
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
September 21, 2020 NR 20-15
Alianza Minerals Announces C$2.9 Million Non-Brokered Private Placement and
Engages Red Cloud Financial Services
Not for distribution to United States Newswire Services or for dissemination in the United States
Vancouver, B.C., – Alianza Minerals Ltd. (TSX -V: ANZ, OTC: TARSF) (“ Alianza” or the
“Company”) is pleased to announce a non -brokered private placement of 10 million units of the
Company (the “ Units”) at a price of C$0.135 per Unit and 10 million flow -through shares of the
Company (the “Flow-Through Shares”) at a price of C$0.155 per Flow -Through Share for gross
proceeds to the Company of up to C$2.9 million (the “Offering”). Each Unit shall consist 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 be exercisable by the holder
thereof to acquire one Common Share (a “ Warrant Share”) at a price of C$0.20 for a period of 24
months following the closing date of 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 used 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, 2020 to
the purchasers of the F low-Through Shares in an aggregate 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 taxes payable by such subscriber as a result of the Company’s failure to
renounce the Qualifying Expenditures.
The net proceeds from the sale of Units shall be used for exploration of the Company’s projects and
for general working capital purposes.
Jason Weber, President and CEO of Alianza, noted that “We are planning a drill program at the
Haldane Silver project in the Keno Hill District of the Yukon . This financing will fund that pro gram
while our other projects will advance with partner funding.”
The closing of the Offering is expected to occur on or about October 7, 2020 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. The Units and Flow-Through
Shares, including all underlying securities thereof, and any finders warrants 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 offer 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
absent U.S. registration or an applicable exemption from U.S. registration requirements.
Red Cloud Financial Services Engagement
The Company announces it has engaged Red Cloud Financial Services Inc. (“ Red Cloud”) to assist
Alianza with marketing, media outreach and other services. Red Cloud will assist Alianza with
expanding its contact network, including Alianza’s participation in Red Cloud TV. The team at Red
Cloud is well established in the capital markets particularly in the mining industry. Red Cloud’s full
service approach to assist active mining and exploration companies is a very good fit with Alianza’s
hybrid prospect generator approach in partnership with our supportive shareholders.
Jason Weber, President and CEO of Alianza noted that “The team at Red Cloud is very active with
exploration companies and we feel that they will be very complementary to our existing outreach
channels which will benefit all our shareholders. We look forward to working wit h the impressive Red
Cloud team.”
Alianza’s agreement with Red Cloud is for a six month term for $75,000, with the potential to extend
the term at Alianza’s option for a monthly fee of $10,000.
About Red Cloud
Red Cloud Financial Services Inc. is a ful l service mining finance firm that provides a comprehensive
suite of services focused on enhancing its client’s capital market brand and improving their access to
capital.
The Red Cloud team has a mix of technical and financial expertise with over 300 cum ulative years of
combined mining and corporate finance experience. Working as an extension of management, the
Red Cloud team uses its global network of mining and capital markets professionals and extensive in-
house experience in the many facets of the min ing business to help companies identify sources of
capital and quality actionable merger, acquisition and divestiture opportunities, and to generate and
maintain important relationships with key investors.
About Alianza Minerals Ltd.
Alianza employs a hybrid business model of joint venture funding and self -funded projects to
maximize opportunity for exploration success. The Company currently has gold, silver and base metal
projects in Yukon Territory, British Columbia, Nevada and Peru. Alianza currently has two projects
optioned out in Nevada and Yukon Territory, and is actively exploring on two others. Alianza’s current
partners include Hochschild Mining PLC and Coeur Mining, Inc.
The Company has 109. 7 million shares issued and outst anding and is listed on the TSX Venture
Exchange under the symbol “ANZ” and trades on the OTC 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 Instru ment 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) 687-3520
Fax: (888) 889-4874
www.alianzaminerals.com
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.