Azteca Announces First Closing of Private Placement
22 August 2009 - 2:07AM
Marketwired
Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE: AZG)
(the "Company") wishes to announce that the Company has performed a
first closing of its current non-brokered private placement, in the
amount of CAD $145,500 for the issuance of 1,212,500 total units.
No commissions were paid on these funds.
Each unit is priced at $.12 and consists of one common share and
one common share purchase warrant entitling the holder to subscribe
for one additional common share for $0.25 for a period of 2 years
from closing. Proceeds will be used to fund the Company's on going
exploration program at its 50% owned Two Mile project in the Silver
Valley, Idaho, and for general working capital. The issuance of
these securities is subject to regulatory and board approval.
WARNING: the Company relies upon litigation protection for
"forward looking" statements. The information in this release may
contain forward-looking information under applicable securities
laws. This forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those implied by the
forward-looking information. Factors that may cause actual results
to vary material include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of
mineral deposits, currency fluctuations, unanticipated operational
or technical difficulties, changes in laws or regulations, the
risks of obtaining necessary licenses and permits, changes in
general economic conditions or conditions in the financial markets
and the inability to raise additional financing. Readers are
cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise
or update this forward-looking information after the date of this
release or to revise such information to reflect the occurrence of
future unanticipated events, except as may be required under
applicable securities laws.
Shares issued: 182,994,331
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Azteca Gold Corp. Jon Slizza VP of Finance Cell:
1-509-981-2020 Email: info@azteca-au.com
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