Aztec Minerals Closes $2.1 Million First Tranche of Private Placement Financing

Aztec Minerals Corp. – News

Vancouver, Canada –July 13, 2020– Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) announces that it has closed the first tranche of its recently announced private placement equity financing.  The first tranche of the private placement consisted of 7.08 million units priced at CAD$0.30 per unit for total proceeds of CAD$2.12 million.  Each unit consists of one common share in the capital of the company and one-half (1/2) warrant with each full warrant exercisable to purchase an additional common share at an exercise price of CAD$0.40 for a two-year period following the closing of the private placement.

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