Aztec Minerals Closes its Oversubscribed $3.4 Million Private Placement Financing with Alamos Gold as Strategic Investor

Vancouver, Canada – June 7, 2022 – Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec” or the “Company”) announces that it has closed its oversubscribed CAD$3.4 million non-brokered private placement equity financing. The private placement consisted of 11.4 million units priced at CAD$0.30 per
unit for gross proceeds of CAD$3.4 million (the “Offering”). The Offering was first announced in the
Company’s press release dated May 16, 2022 for gross proceeds of up to CAD$3 million. Each unit
consisted of one common share in the capital of the Company and one warrant which is exercisable to
purchase an additional common share at an exercise price of CAD$0.40 per common share until June 6,
2024

Leave a Reply