Alianza Minerals Ltd. announced a non-brokered private placement of up to 2,500,000 units at a price of CAD 0.2 per unit and 5,000,000 Flow-Through shares at a price of CAD 0.20 per share for gross proceeds up to CAD 1,500,000 on August 29, 2023. The closing of the transaction is expected to occur on or about September 20, 2023 and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The company will pay 7% finder?s fees of in cash to eligible parties. The common shares issued with respect to the transaction will be subject to a hold period of four months and one day in accordance with applicable securities laws. The Units will consist of one common share and one-half of a non-transferable common share purchase warrant allowing the holder to buy an addition share for each full warrant held for a period of three years at CAD 0.30 per additional share.

On October 17, 2023, the company announced that it plans to close the first tranche on October 19, 2023.