(TheNewswire)
Vancouver, BC - TheNewswire - March 17, 2023 - Alianza Minerals Ltd. (“Alianza”) (TSXV:ANZ ) ( OTC:TARSF) wishes toannounce that during the current quarter, the Company received inexcess of $240,000 from its partners for property payments, areclamation bond refund as well as from the early warrant incentiveprogram (the "Warrant Incentive Program") as described inits press releases dated February 8, 2023 and February 13, 2023.
The Warrant Incentive Program was completed on March 15, 2023 where439,300 warrants were exercised for gross proceeds of $21,965,resulting in the Company issuing 439,300 common shares and 439,300whole incentive warrants ("Incentive Warrants").
Each Incentive Warrant entitles the holder to purchase one additionalcommon share at a price of $0.10 for a period of 24 months from thedate of issuance expiring on March 15, 2025. The Incentive Warrantsand the common shares issuable on exercise thereof are subject to afour-month hold period that commenced on the date of issuance of theIncentive Warrants pursuant to applicable Canadian securities laws.
All warrants that were not exercised under the Warrant IncentiveProgram expired on March 15, 2023.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused business model of joint venturefunding and self-funded projects to maximize opportunity forexploration success. The Company’s primary asset is the Haldanesilver project and also currently has gold, silver and base metalprojects in Yukon Territory, Colorado, Nevada and Peru. Alianza hasone project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc.and one optioned to Allied Copper within an alliance with CloudbreakDiscovery PLC. Alianza is actively seeking partners on other projects.Alianza also holds certain royalties on projects in North and SouthAmerica.
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”.
Forfurther 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:
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.
Copyright (c) 2023 TheNewswire - All rights reserved.