On May 2, 2017, Aztec Mineral Corp. completed a C$4,025,000 initial public offering, which consisted of the issuance of an aggregate of 11,500,000 units at a price of C$0.35 per unit. Each unit was comprised one common share and one-half of a common share purchase warrant, with each full warrant being exercisable to purchase one additional common share at an exercise price of C$0.50 for 24 months from the closing date of the IPO. Haywood Securities Inc. acted as exclusive agent in respect of the IPO, and Coeur Mining, Inc. subscribed for 1,919,876 units in the IPO.
On May 4, 2017, Aztec Mineral’s common shares commenced trading on the TSX Venture Exchange under the trading symbol “AZT”.
Aztec Minerals is a mineral exploration company focused on the discovery of large porphyry gold-copper deposits in the Americas. Its first project and core asset is the prospective Cervantes gold-copper property in Sonora, Mexico.