Alianza Minerals Closes $1.1M Financing $691,000 in Units for Exploration & Working Capital $414,500 in Flow Through for BC & Yukon Exploration
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
July 9, 2019 NR19-10
Alianza Minerals Closes $1.1M Financing
$691,000 in Units for Exploration & Working Capital
$414,500 in Flow Through for BC & Yukon Exploration
Vancouver B.C. – July 9, 2019 - Alianza Minerals Ltd. (TSXV:ANZ) (“Alianza” or the
“Company”) is pleased to report that the financing announced June 25, 2019 for a total
of $691,000 from the issuance of the units and $414,500 from the issuance of flow
through shares, to further advance its projects in BC, Yukon, Nevada and Peru, has
been closed.
“We are pleased to close this financing in a timely fashion,” noted Jason Weber, P.Geo.,
President and CEO of Alianza. “Not only does this financing allow Alianza to expand
the Haldane drilling program slated for August of this year, but it also provides us the
ability to seek and develop the next set of projects to augment our portfolio. That may
be advancing early stage projects we currently hold or through new acquisitions.”
Financing Terms – Non-Flow Through Shares
Each non-flow through unit is comprised of one common share and one common share
purchase warrant at $0.05 per unit. The warrant is valid for three years expiring July 9,
2022 and is exercisable at $0.10 to acquire one common share. A total of 13,820,000
shares and 13,820,000 warrants were issued at closing.
Financing Terms – Flow Through Shares
The flow through shares will be eligible for a tax deduction for Canadian income tax
payers for 2019. These shares were issued at $0.06 per share and the proceeds will be
spent on qualifying exploration expenditures in the Yukon Territory. A total of 6,908,333
flow through shares were issued at closing.
Finder’s fees of 7.5% in cash and 7.5% in finder’s warrants were paid to eligible parties.
All securities are subject to a four-month hold expiring on November 10, 2019.
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 four 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 81.2 million shares issued and outstanding 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 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) 687-3520
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 HISTORIC AL INFORMATION, INCL UDING STATEMENTS
RELATING TO THE COMP ANY'S FUTURE PLANS A ND OBJECTIVES OR EXP ECTED RESULTS,
MAY INCLUDE FORWARD -LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS A RE
BASED ON NUMEROUS AS SUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND
UNCERTAINTIES INHERE NT IN RESOURCE EXPLO RATION AND DEVELOPME NT. AS A RESULT,
ACTUAL RESULTS MAY V ARY MATERIALLY FROM THOSE DESCRIBED IN T HE FORWARD -
LOOKING STATEMENTS.