(TheNewswire)
Vancouver, BC - February 8, 2023 -Alianza Minerals Ltd. (“Alianza”) (TSX-V:ANZ ) ( OTC:TARSF) ispleased to announce that it intends to reprice a total of 19,100,000outstanding common share purchase warrants ("Warrants"). The Warrants, which expire on February 25, 2023, will be repricedfrom the current $0.10 exercise price to $0.05 (the "WarrantAmendments").
The Warrant Amendments are subject to acceptance by the TSX VentureExchange (the "Warrant Amendment Approval").
Immediately following the Warrant Amendments, the Company will run awarrant 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 toeach Warrant holder that exercises their Warrants during a period of30 days from receipt of Warrant Amendment Approval (the "EarlyExercise Period"), by the issuance of one additional common sharepurchase warrant (an "Incentive Warrant") for each Warrantexercised early. Each Incentive Warrant will entitle the holder topurchase one additional common share for a period of 24 months fromthe date of issuance of such Incentive Warrant, at a price of $0.10.The Program will commence upon receipt of Warrant Amendment Approvaland will expire 30 days thereafter at 4:00 p.m. (Vancouver time). TheIncentive Warrants will be subject to a four-month hold period fromthe date of issuance.
The Company intends to issue a news release upon receipt of WarrantAmendment Approval and commencement of the Incentive Program outliningthe terms and conditions and the method of exercising the Warrantspursuant to the Incentive Program. The Incentive Program remainssubject to TSX Venture Exchange Approval.
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”.
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
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.