On May 2, 2017, Aztec Minerals Corp. (TSXV: AZT) announced that it had completed a $4 million initial public offering and listing as a Tier 2 company on the TSX Venture Exchange.
Haywood Securities Inc. acted as Aztec’s exclusive agent in respect of the IPO, which consisted of the issuance of 10,000,000 units for initial gross proceeds of $3.5 million. In addition, Haywood exercised its option to sell up to an additional 1,500,000 units of Aztec for total gross proceeds of $4,025,000.
Aztec is a mineral exploration company focused on the discovery of large porphyry gold-copper deposits in the Americas. Its first project and core asset is the prospective Cervantes gold-copper property in Sonora, Mexico.
Miller Thomson advised Haywood with respect to this transaction with a team that included Kevin Sorochan, Blair Lowther and Erika Lai.