Aztec Minerals Corp. announced a non-brokered private placement financing to issue to 8,333,334 units at an issue price of CAD 0.18 per Unit, for aggregate gross proceeds of up to CAD 1,500,000.02 on July 16, 2024. Each Unit will be comprised of one common share and one-half of one Share purchase warrant.

Each whole Warrant will entitle the holder thereof to purchase one Share at an exercise price of CAD 0.25 for 24 months following the closing date of the Offering. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. The closing date of the Offering is expected to occur on or about July 25, 2024, or such later date or dates as the Company may determine, and are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including conditional approval from the TSX Venture Exchange.

In consideration of the services to be rendered by one or more finders in connection with the Offering, the Company may pay to a Finder a commission consisting of: (i) a cash fee of 7.0% of the aggregate gross proceeds of the Offering raised from subscribers introduced to the Corporation by such Finder, payable on the date of Closing Date and (ii) such number of Common Share purchase warrants, in the form approved by any officer or director of the Corporation, to such Finder as is equal to 7.0% of the number of Units subscribed for by subscribers introduced to the Corporation by such Finder, such Finder?s Warrant having an exercise price of CAD 0.18 per Common Share and an expiry date of twenty four months from the Closing Date.