Azteca Gold Corp.

Azteca Gold Corp.

September 06, 2010 21:47 ET

Azteca Gold Announces Closing of Financing

CALGARY, ALBERTA--(Marketwire - Sept. 6, 2010) -


Matthew Russell, President of Azteca Gold Corp. (TSX VENTURE:AZG) ("Azteca" or the "Company") wishes to announce the closing of its current arms-length private placement as of Friday, September 3, 2010.

Corporate Update

Azteca closed its current financing at CAD $223,600, selling a total of 4,472,000 Units. Each Unit was priced at CAD $.05, and consisted of one share of common stock and one purchase warrant. Each warrant entitles the holder to purchase one common share for CAD $.10 for a period of two years from Closing. Securities issued will be restricted from trading for a period of four months from Closing.

Funds from this private placement will be used for drilling and assaying expenses at the Company's 100% owned Two Mile Project, as well as for general corporate purposes.

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 by either the Company or its joint venture partner. 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.

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.

Contact Information

  • Azteca Gold Corp.
    Jon Slizza
    VP of Finance and Investor Relations