gold & silver exploration
Idaho, Nevada, Alaska & Mexico.
Message: Announces Second and Final Closing of Private Placement
| January 12, 2009 |
| Azteca Gold Corp. Announces Second and Final Closing of Private Placement |
| SPOKANE, WASHINGTON--(Marketwire - Jan. 12, 2009) - Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE:AZG) ("Azteca" or the "Company") announces that on January 10th, 2009 the Company performed a second and final closing on its outstanding non-brokered private placement for additional gross proceeds of $492,393. Commissions of $8,411 were paid. The Company issued an additional 9,847,867 units, each unit consisting of one common share and one-half share purchase warrant. Each warrant entitles the holder to purchase one common share for $0.25 until January 10, 2011. Shares issued pursuant to this financing are subject to a 4 month hold period ending May 11, 2009. Funds will be used for drilling and assaying expenses on the Company's 50% owned Two Mile Project as well as general working capital. Insiders subscribed for 8.8% of the second closing amount raised. Timing of Two Mile Project Assays The Company expects to release first preliminary assays on the mineralization of hole DDH-005A from the assay lab the week of January 12th, 2009. Assaying and subsequent assay releases will be ongoing for holes DDH-005A, DDH-005B, and DDH-006 during 2009. |
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