(TheNewswire)
Vancouver, BC – TheNewswire - May 13, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (“ Alianza ” or the “ Company ”) is pleased to announce the non-brokered privateplacement of 10 million Units of the Company at a price of $0.075 perUnit for gross proceeds to the Company of up to $750,000 (the “ Offering ”) is fully subscribed andwill be closed shortly.
Each Unit is comprised of one common share and one half of a commonshare purchase warrant. Each full common share purchase warrant willentitle the holder to purchase one common share for a period of threeyears from closing of the placement for $0.125 per common share. Thecommon share purchase warrants are non-transferable.
The proceeds from this private placement will be used to fund variousactivities of Alianza including exploration conducted outside ofCanada, project generation and marketing of projects in 2022, andother corporate overhead costs.
Jason Weber, President and CEO of Alianza, noted that “We appreciatethe support of those who took part in this financing. We are lookingforward to a very busy 2022, building on the high-grade silver resultsfrom our Haldane Project in the historic Keno Hill District in 2021,as well as our base and precious metals we will advance with ourpartners.”
The closing of the Offering is expected to occur shortly, and issubject to receipt of all necessary regulatory approvals including theTSX Venture Exchange (the “TSXV”). No finder’s fees will bepaid. The common shares and warrants issued with respect to theOffering will be subject to a hold period of four months and one dayin accordance with applicable securities laws.
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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LinkedIn:
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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