Aztec Minerals Corp. (TSX-V: AZT, OTCQB: AZZTF). is freshly financed with strong backing to aggressively advance its projects with two drill programs at its highly prospective properties in Mexico and Arizona. The company is setting up for a busy summer with plenty of news.
The company recently closed an attractive $1.1 million private placement, paying no fees nor offering any warrants, to fund this round of exploration. The multi-billion dollar gold miner, Alamos Gold, took the lion’s share of the financing with 7,926,089 Units, for total proceeds CAD$2,377,826.70 out of the CAD$3.4 million financing.
Alamos now holds 9.9% of the company’s shares on an undiluted basis and 18.0% on a partially diluted basis assuming the exercise of Alamos’ warrants.
Aztec is eager to deliver value through drilling and discovery, and build momentum after consolidating ownership of its Cervantes project and a strong 2022 exploration program
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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