On April 6, 2020, Aztec Minerals Corp. (“Aztec Minerals”) announced the closing of a non-brokered private placement (the “Private Placement”) of 8,000,000 units at a purchase price of $0.05 per unit for gross proceeds of $400,000. Each unit was comprised of one common share in the capital of Aztec Minerals and one-half of one common share purchase warrant, with each full warrant being exercisable to purchase one additional common share at an exercise price of $0.10 until August 3, 2022.
Aztec Minerals is a mineral exploration company that is focused on the discovery of large polymetallic mineral deposits in the Americas. Aztec Mineral’s primary assets include the prospective Cervantes porphyry gold-copper property in Sonora, Mexico, and the Tombstone silver-gold-lead-zinc-copper property in Cochise County, Arizona.
Further details regarding the Private Placement and Aztec Minerals can be found on Aztec Minerals’ website. Aztec Minerals trades under the symbol “AZT” on Tier 2 of the TSX Venture Exchange.