Alianza Minerals Receives Approval for Repriced Warrants and Announces Warrant Exercise Incentive Program
Trading Symbol (TSX-V: ANZ, OTCQB: TARSF)
410-325 Howe Street
Vancouver, British Columbia
Canada V6C 1Z7
Tel: (604) 687 3520
Fax: 1-888-889-4874
www.alianzaminerals.com
NR 23-05
Alianza Minerals Receives Approval for Repriced Warrants and
Announces Warrant Exercise Incentive Program
Vancouver, BC, February 13, 2023 - Alianza Minerals Ltd. (“Alianza”) (TSX-V: ANZ,
OTCQB: TARSF) is pleased to announce that further to the Company's news release
dated February 8, 2023, the Company has received the approval from the TSX Venture
Exchange (the “Exchange”) to amend the exercise price of 19,100,000 share purchase
warrants ("Warrants") which expire on February 25, 2023 from $0.10 to $0.05 (the
"Warrant Amendments").
Also, further to the Company's news release of the same date, the Company will now
proceed with the warrant exercise incentive program, (the "Incentive Program")
designed to encourage the early exercise of the Warrants.
Under the Incentive Program, the Company is offering an inducement to each Warrant
holder that exercises their Warrants on or before March 15, 2023 (the "Early Exercise
Period"), by the issuance of one additional common share purchase warrant (an
"Incentive Warrant") for each Warrant exercised early. Each Incentive Warrant will
entitle the holder to purchase one additional common share for a period of 24 months
from the date of issuance of such Incentive Warrant, at a price of $0.10. The Incentive
Warrants will be subject to a four-month hold period from the date of issuance. The
Incentive Program will expire on March 15, 2023 at 4:00 p.m. (Vancouver time) (the
"Early Exercise Expiry Date")
If all of the Warrants are exercised during the Early Exercise Period, the Company
expects to:
• Receive gross proceeds up to $955,000 on or before the Early Exercise Expiry
Date;
• Issue up to 19,100,000 common shares pursuant to the exercise of the Warrants
by holders in accordance with the original terms of the Warrants; and
• Issue up to 19,100,000 Incentive Warrants to Warrant holders pursuant to the
early exercise of the Warrants on or before the Early Exercise Expiry Date.
The terms and conditions of the Incentive Program and the method of exercising
Warrants pursuant to the Incentive Program are set forth in a letter which is being
delivered to the registered e-mail address of each Warrant holder, posted on SEDAR
and is available on the Company's website at https://alianzaminerals.com/.
Holders of Warrants who elect to participate in the Incentive Program will be required to
deliver the following to the Company on or prior to 4:00 p.m. (Vancouver time) on March
15, 2023:
• a duly completed and executed Exercise Form, in the form which accompanies
the certificate representing the Warrants;
• the original certificate representing the Warrants being exercised;
• a completed Accredited Investor Form confirming the Warrant holder’s status as
an Accredited Investor; and
• the applicable aggregate exercise price payable to the Company by way of
certified cheque, money order, bank draft, or wire transfer in lawful money of
Canada.
To the extent that holders of the Warrants take advantage of the opportunity to exercise
their Warrants early, this will strengthen the Company's current cash position and
provide the Company with additional working capital to meet its on-going business
obligations.
The transaction is subject to the receipt of all final regulatory approvals, including the
approval of the Exchange. Any Warrants that are not exercised prior to the Early
Exercise Expiry Date will expire.
The Warrants were originally issued by the Company as part of a unit the Company
issued in connection with a private placement financing completed on February 25,
2020. The underlying common shares and common shares to be issued pursuant to the
exercise of the Warrants have not been, and will not be, registered under the U.S.
Securities Act or any U.S. state securities laws, and may not be offered or sold in the
United States or to, or for the account or benefit of, United States persons absent
registration or any applicable exemption from the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws. This press release does not
constitute an offer to sell or the solicitation of an offer to buy securities in the United
States, nor in any other jurisdiction.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused business model of joint venture funding and self-
funded projects to maximize opportunity for exploration success. The Company’s
primary asset is the Haldane silver project and also currently has gold, silver and base
metal projects in Yukon Territory, Colorado, Nevada and Peru. Alianza has one project
(Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and one optioned to Allied
Copper within an alliance with Cloudbreak Discovery PLC. Alianza is actively seeking
partners on other projects. Alianza also holds certain royalties on projects in North and
South America.
Alianza 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
To learn more visit: www.alianzaminerals.com
Twitter: https://twitter.com/AlianzaMinerals
LinkedIn: https://www.linkedin.com/company/alianza-minerals-ltd
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF T HE 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 MATER IALLY FROM THOSE DESCRIBED IN THE FORWARD -
LOOKING STATEMENTS.