(TheNewswire)
Vancouver, BC – TheNewswire - May 19, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) , ( OTC:TARSF) (“ Alianza ” or the “ Company ”) is pleased to reportthat the financing announced originally on April 25, 2022 has now beenclosed.
The Company raised a total of $750,000 from the issuance of the10,000,000 units to fund various activities ofAlianza including exploration, project generation, marketing ofprojects in 2022, and other corporate overhead costs.
Each unit is comprised of one common share and one half of a commonshare purchase warrant. Each full common share purchase warrantentitles the holder to purchase one common share for $0.125 per commonshare until May 19, 2025. The common share purchase warrants arenon-transferable. All securities are subject to a four-month holdexpiring on September 20, 2022.
A director and an officer of the Company purchased oracquired direction and control over a total of 1,912,933 Units underthe private placement. The placement to those persons constitutes a“related party transaction” within the meaning of TSX VentureExchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders inSpecial Transactions (“MI 61-101”) adoptedin the Policy. The Company has relied on exemptions from the formalvaluation and minority shareholder approval requirements of MI 61-101contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect ofrelated party participation in the placement as neither the fairmarket value (as determined under MI 61-101) of the subject matter of,nor the fair market value of the consideration for, the transaction,insofar as it involved the related parties, exceeded 25% of theCompany's market capitalization (as determined under MI61-101).
This news release does not constitute an offer of securities for salein the United States. The securities being offered have not been, norwill they be, registered under the United States Securities Act of1933, as amended, and such securities may not be offered or soldwithin the United States absent U.S. registration or an applicableexemption from U.S. registration requirements.
About Alianza Minerals Ltd.
Alianza is a discovery focused minerals exploration company, workingto provide metals for the modern economy following best ESG practices.Alianza has ongoing exploration programs at the 100% owned flagshipHaldane Silver Project in the prolific Keno Hill District, YukonTerritory. Additionally, the Company has a portfolio of gold, silverand base metal projects in Yukon Territory, British Columbia,Colorado, Nevada and Peru. Alianza has one silver project (Tim, YukonTerritory) optioned to Coeur Mining, Inc., two copper projects(Klondike and Stateline, Colorado) optioned to Allied Copper Corp. andis actively seeking partners to advance 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. isa Qualified Person as defined by National Instrument 43-101. Mr. Webersupervised the preparation of the technical information contained inthis 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.
Scott Logan
slogan@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
To learn more visit: www.alianzaminerals.com
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELYHISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'SFUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDEFORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ONNUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS ANDUNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS ARESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THEFORWARD-LOOKING STATEMENTS.
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