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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 17, 2016) - Alianza Minerals Ltd. (TSX VENTURE:ANZ) ("Alianza" or the "Company") is arranging a financing by way of a private placement for $500,000. Under the terms of the financing Alianza will sell 5,000,000 units at $0.10 per unit, where each unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire an additional common share for a period of 4 years at a price of $0.15. In addition, Alianza is proposing to settle a debt owing to its largest shareholder, Pacific Opportunity Capital Ltd. ("Pacific") in the amount of $300,000 for 2 million common shares ($0.15 per common share) which will require shareholder approval at the Company's next Shareholder's meeting. Pacific has agreed to place 500,000 common shares from this settlement into a Bonus Pool Arrangement for senior management of Alianza as a further incentive to align management's interests with those of Alianza's shareholders. |
