23/03/20 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
ALIANZA MINERALS LTD. ("ANZ")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: March 20, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted the Company's warrant incentive program (the "Warrant Incentive Program) designed to encourage the exercise of existing warrants of the Company. Each warrant entitled the holder to acquire one common share at a price of $0.05 per share to March 15, 2023
Pursuant to the Warrant Incentive Program, each of the holders of warrants that exercised warrants during an early exercise period (the "Early Exercise Period") received an additional warrant entitling such holder to acquire one common share of the Company at a price of 0.10 per share for a two-year period.
The Early Exercise Period commenced on February 15, 2023, and expired on March 15, 2023.
In connection with the Warrant Incentive Program, a total of 439,300 warrants were exercised, providing gross proceeds of $21,965.00 to the Company and resulting in the Company issuing 439,300 Common Shares and 439,300 Incentive Warrants as follows:
Number of shares issued upon exercise of existing warrants: 439,300 common shares
Purchase Price (exercise price of the existing warrants): $0.05 per common share
Incentive Warrants: 439,300 share purchase warrants to purchase 439,300 shares
Incentive Warrant Exercise Price: at a price of $0.10 per share until March 10, 2025
Number of Placees: 1 Placee
All warrants that were not exercised under the Warrant Incentive Program expired on March 15, 2023. For further details, please refer to the Company's news releases dated March 17, 2023.
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