Aztec Minerals Announces Closing of Upsized C$10 Million Bought Deal Private Placement Including Concurrent Exercise of Over-Allotment Option

Core Points - Aztec Minerals Corp. has successfully closed a "bought deal" private placement offering, raising gross proceeds of C$10,004,655 by selling 42,573,000 common shares at C$0.235 each [1][2] - The offering included the full exercise of an over-allotment option, allowing the underwriter to purchase an additional 5,553,000 shares [1] - The funds will be used for exploration work on the Tombstone gold-silver project in Arizona and the Cervantes gold-copper project in Mexico, as well as for general working capital [4] Financial Details - The underwriter, Stifel Canada, received a cash commission of C$700,326, which is 7% of the gross proceeds, and was issued 2,980,110 non-transferable common share purchase warrants [3] - Each warrant allows the holder to acquire one common share at the issue price until October 16, 2028 [3] Company Overview - Aztec Minerals is focused on two emerging mineral projects: the Cervantes project in Sonora, Mexico, and the Tombstone project in southern Arizona, which have potential for gold, copper, silver, lead, and zinc [8]