Aztec Minerals Completes C$6.4 Million Private Placement

Aztec Minerals Corp. has successfully closed a private placement offering, raising C$6,403,200. The company sold 20,010,000 units at C$0.32 per unit, with Stifel Canada as the sole underwriter. The offering included an additional 15% underwriter’s option, contributing C$835,200 in proceeds. Each unit comprises one common share and half a share purchase warrant, with each full warrant allowing the purchase of a common share at C$0.42 over 24 months.

The underwriter received a commission of C$316,992 and 990,600 broker warrants. Proceeds will fund exploration at the Tombstone project in Arizona and the Cervantes project in Mexico, alongside general capital needs. The securities are subject to a four-month hold period under Canadian law. This release does not constitute a U.S. securities offer.