Azteca Gold Corp. Announces Second and Final Closing of Private Placement
January 12 2009 - 9:05AM
Marketwired
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.
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 materially include, but are not limited to, changes in laws
or regulations, the risks of obtaining final approval from
necessary regulatory bodies in connection with the Private
Placement, inaccurate assumptions concerning the exploration for
and development of mineral deposits and timing related to receipt
of the preliminary assays. 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: 160,108,040
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Azteca Gold Corp. Jon Slizza VP of Finance Cell: (509)
981-2020 Email: info@azteca-au.com
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