Alianza Minerals Arranges Financing and Proposes Debt Settlement & Bonus Pool Arrangement

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1224-tsx-venture/anz/16606-alianza-minerals-arranges-financing-and-proposes-debt-settlement-amp-bonus-pool-arrangement.html#.VsSymeTrvIU

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 17, 2016) – Alianza Minerals Ltd. (TSX VENTURE:ANZ) (“Alianza” or the “Company“) is arranging a financing by way of a private placement for $500,000. Under the terms of the financing Alianza will sell 5,000,000 units at $0.10 per unit, where each unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire an additional common share for a period of 4 years at a price of $0.15. In addition, Alianza is proposing to settle a debt owing to its largest shareholder, Pacific Opportunity Capital Ltd. (“Pacific“) in the amount of $300,000 for 2 million common shares ($0.15 per common share) which will require shareholder approval at the Company’s next Shareholder’s meeting.

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