Tarsis and Estrella Received Court Approval; Provide Update on Alianza Transaction Progress
Published : April 21, 2015
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Keywords :   Canada | G Mexico | Gold | Market | Mexico | Peru |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 21, 2015) - Tarsis Resources Ltd. ("Tarsis") (TSX VENTURE:TCC) and Estrella Gold Corporation ("Estrella") (News - Market indicators) are pleased to provide the following update on the acquisition of Estrella by Tarsis to form Alianza Minerals Ltd. (the "Arrangement").

Shareholders and Court Approval

99.36% of the shares represented at the Estrella special shareholder meeting held on April 8, 2015 were voted in favour of the Arrangement. Under this Arrangement, Estrella shareholders will receive one common share of Tarsis for each Estrella share held. On April 17, 2015, the Supreme Court of British Columbia approved the Arrangement.

Immediately upon completion of the Arrangement, a share consolidation (one new for ten old) will take place and the combined company will change its name to Alianza Minerals Ltd. Alianza will have 10.8 million shares outstanding before the completion of the financing.

Trading of Estrella shares halted; New trading symbol for Alianza

The trading of Estrella's common shares was halted effective April 20, 2015, pending the completion of the Arrangement, at which time the shares of the merged company Alianza Minerals Ltd. will be traded under the new symbol "ANZ" on the TSX Venture Exchange.

It is expected that the transaction will be completed by early May and the shares of Tarsis and Estrella will commence trading under the new Symbol at that time, on the post consolidation basis.

Financing underway

A financing is underway, on a post share consolidation basis of one new share for ten old shares, at $0.25 per subscription receipt. Each subscription receipt will become a unit on closing of the Arrangement, which is comprised of one common share and one common share purchase warrant exercisable to acquire one common share for a period of three years at $0. 40. A finder's fee of 5% cash and 5% finder's warrants will be paid to certain parties. Each finder's warrant is exercisable into one common share for a period of one year at $0.25. All securities are subject to a four-month hold period from the close of the Arrangement. All warrant exercise prices are on a post share consolidation basis. The first tranche of the financing will be closed in conjunction with the closing of the Arrangement.

Mineral Projects Analysis and Marketing

Alianza will have several mineral exploration projects focussed on precious and base metals in Peru, Mexico, Nevada and Yukon. The team at Alianza will be led by Jason Weber P. Geo., CEO, Marc Blythe, P. Eng. COO, and Winnie Wong, CA, CPA, CFO along with certain senior contract geologists in Canada, the US, Mexico and Peru. The team has been assessing the most advanced projects in each region, identifying potential partners for the projects and has begun marketing certain projects to potential partners to advance the exploration of identified targets. Alianza will issue various updates on a project by project basis as work is completed, partners brought in and further exploration is underway.

About Alianza

Alianza Minerals Ltd. ("Alianza"), will be a prospect generator focused on the Americas, particularly the Cordilleran regions that characterize western North and South America. Alianza will have four projects in Peru, ten in Nevada, three in Mexico, and five in Yukon, and the flexibility to acquire new projects in the Americas as opportunities arise. Under the Plan of Arrangement, Tarsis is acquiring all of Estrella's shares on a one for one basis. Tarsis will also complete a share consolidation and financing concurrent with the Plan of Arrangement.

On behalf of the Boards,

Marc G. Blythe, P.Eng., MBA., President and Chief Executive Officer

Tarsis Resources Ltd.

Jason Weber, P.Geo., President and Chief Executive Officer

Estrella Gold Corporation

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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

Read the rest of the article at finance.yahoo.com
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Gold and Silver Prices for these countries : Canada | Mexico | Peru | All

Alianza Minerals Ltd

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CODE : ANZ.V
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Alianza Minerals is a gold exploration company based in Canada.

Alianza Minerals holds various exploration projects in Peru.

Its main exploration properties are CAOLPAYOC and PUCARANA in Peru.

Alianza Minerals is listed in Canada. Its market capitalisation is CA$ 1.3 millions as of today (US$ 1.1 millions, € 932 383).

Its stock quote reached its lowest recent point on March 20, 2020 at CA$ 0.03, and its highest recent level on January 08, 2021 at CA$ 0.25.

Alianza Minerals has 33 279 998 shares outstanding.

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Financings of Alianza Minerals Ltd
10/3/2012Estrella Gold Increases Private Placement to $1.1 Million
9/19/2012Estrella Gold Announces Private Placement
9/19/2012Announces Private Placement
7/20/2011Announces Closing of $4,030,000 Private Placement Financing ...
6/20/2011Proposed Private Placement Financing
Nominations of Alianza Minerals Ltd
1/16/2013Appoints John R. Wilson President & CEO
1/16/2013Appoints John R. Wilson President & CEO
10/3/2011Estrella Gold Appoints New CFO and Sets Up New Office
Project news of Alianza Minerals Ltd
9/13/2012Estrella Gold Announces Wide Zones of Gold and Silver Minera...
9/11/2012Estrella Gold Updates Pampa Poroma IOCG Project, Southern Pe...
6/12/2012Estrella Gold Corp. Announces Drilling at La Estrella Gold-S...
5/31/2012Estrella Gold Extends Colpayoc Gold Project Terms
2/6/2012Estrella Gold Announces Drill Program at Pampa Poroma Iron-O...
1/10/2012Estrella Signs Letter of Intent for its Estrella Gold-Silver...
4/25/2011(Pucarana)Announces Drill Program at Pucarana Gold Project, Peru
3/7/2011(Caolpayoc)Program Review and 2011 Exploration Plans
2/16/2011(Caolpayoc)Announces Trench Results from Second Mineralized Zone at the...
4/22/2010(Caolpayoc)NI 43-101 Technical Report on Resources
Corporate news of Alianza Minerals Ltd
7/6/2016Alianza Minerals Completes ISY Work Program In Peru
5/2/2016Alianza Minerals Appoints New Director
4/7/2016Alianza Minerals Closes Second Tranche of Financing
12/15/2015Alianza Minerals Announces New Partner for Yanac Copper Join...
4/21/2015Tarsis and Estrella Received Court Approval; Provide Update ...
4/20/2015IIROC Trading Halt - EST
3/10/2015Tarsis and Estrella Provide an Update on Alianza Transaction...
2/11/2015Tarsis Resources Ltd. and Estrella Gold Corporation to Form ...
12/23/2014Estrella Gold Closes $150,000 Financing
11/24/2014Estrella Gold Announces $200,000 Financing
5/16/2014Callinan Royalties and Estrella Gold Corporation Complete Fi...
5/15/2014Estrella Gold Closes Private Placement for $600,000
5/13/2014Estrella Gold Increases Private Placement to $600,000
5/7/2014Estrella $500,000 Financing Fully Subscribed
4/29/2014Estrella Appoints Jason Weber as President & CEO and Announc...
6/20/2013Partner to Continue Exploration Program at Henry Sur, Peru.
5/7/2013JV Partner Mines Management Reports Positive Exploration Res...
4/19/2013Terminates Colpayoc Agreements
10/29/2012Announces Results of Regional Exploration with Cliffs
10/11/2012Closes Private Placement for $1.1 Million
10/3/2012Increases Private Placement to $1.1 Million
9/13/2012Estrella Gold Announces Wide Zones of Gold and Silver Minera...
9/13/2012Announces Wide Zones of Gold and Silver Mineralization at La...
9/11/2012s Pampa Poroma IOCG Project, Southern Peru
5/4/2012Estrella Gold to be featured by BTV on National TV on May 5t...
2/7/2012Estrella Gold Files Colpayoc NI 43-101 Technical Report and ...
1/31/2012Estrella Gold Featured on CEO Clips and Updates Programs
12/30/2011Estrella Gold Staff Changes
6/30/2011Drills Colpayoc Gold Project, Peru
6/14/2011Announces Drill Program at Colpayoc Gold Project
4/28/2011Acquires New Exploration Targets in Peru
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