Aztec Minerals Closes Oversubscribed $3.6 Million Private Placement

The latest announcement is out from Aztec Minerals ( (TSE:AZT) ).

Aztec Minerals Corp. has successfully closed an oversubscribed non-brokered private placement, raising CAD$3.6 million, exceeding the original target of CAD$3.0 million due to strong investor interest. The proceeds will be used for exploration work on its projects in Arizona and Mexico, as well as for general working capital. The participation of Crescat Capital LLC as a strategic institutional shareholder is notable, and the involvement of company insiders highlights confidence in Aztec’s prospects.

More about Aztec Minerals

Aztec Minerals is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico, and the Tombstone project is an emerging gold-silver discovery with high-grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

Average Trading Volume: 111,798

Technical Sentiment Signal: Sell

Current Market Cap: C$21.02M

For an in-depth examination of AZT stock, go to TipRanks’ Stock Analysis page.