Aztec Minerals Announces $5 Million Bought Deal Private Placement

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2▲0 ▼0Impact / 5
Summary · why it matters

Aztec Minerals Corp. has entered into a bought deal private placement agreement with Stifel Canada as sole underwriter and bookrunner, aiming to raise gross proceeds of C$5,000,000. The offering consists of 15,625,000 units at C$0.32 per unit, each unit comprising one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.42 for 24 months. The underwriter has an option to purchase up to an additional 15% of the units, potentially raising approximately C$750,000 more. Net proceeds will fund exploration at the Tombstone gold-silver and CRD silver-lead-zinc-copper-gold project in Arizona and the Cervantes gold-copper project in Sonora, Mexico, plus working capital. The offering is expected to close on or about September 22, 2026, subject to regulatory approvals including TSX Venture Exchange conditional approval, and the units will be subject to a four-month-and-one-day hold period under Canadian securities laws.

Impact on assets 2

Financials▲ · 1 stocks
Stifel Financial Corporation
SF
± MixedCapitalrelevance

Stifel Canada acts as sole underwriter/bookrunner on Aztec's C$5M bought deal, a mandate but no clear financial impact stated.

Critical Materials & Supply Chain▲ · 1 stocks

Off-coverage companies 1

Aztec Minerals Corp.Private▲ Positive
Capitalrelevance

Aztec Minerals is raising C$5M via a bought deal private placement to fund exploration and working capital.

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