Alianza Minerals Closes Financing of $1.1 million
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
February 26, 2020 NR20-05
Alianza Minerals Closes Financing of $1.1 million
Alianza Minerals Ltd. (TSXV: ANZ OTC: TARSF) (“Alianza” or the “Company”) is
pleased to report that the recently announced financing has been closed and a total of
$1.1 million raised by the issuance of 22,000,000 units at $0.05 per unit.
Jason Weber, President & CEO, noted that “with Alianza’s working capital covered for
2020 and into 2021, we are in an excellent position to build upon the upcoming drill
program with Hochschild at our Horsethief Gold Project in Nevada, and advance or
option out additional projects. Exploration expenditures in 2020 will exceed $1.5 million
with the majority of that funded by our partners.”
Financing Terms
Each 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 from the date of closing of the
offering and is exercisable at $0.10 to acquire one common share.
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 June 26, 2020.
About Alianza Minerals Ltd.
Alianza employs a hybrid business model of joint venture funding and self-funded
exploration 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 three projects optioned/leased out in Nevada and
Yukon Territory, and is actively exploring on three others. Alianza’s current partners
include Hochschild Mining PLC (LON: HOC) and Coeur Mining, Inc. (NYSE: CDE).
The Company has 104.4 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 COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS,
MAY INCLUDE FORWARD- LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE
BASED ON NUMEROUS AS SUMPTIONS AND ARE SU BJECT TO ALL OF THE RISKS AND
UNCERTAINTIES INHERE NT IN RESOURCE EXPLO RATION AND D EVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY V ARY MATERIALLY FROM THOSE DESCRIBED IN T HE FORWARD -
LOOKING STATEMENTS.