Aztec Minerals (AZT.V) has appointed Marcio Fonseca as a strategic advisor to the company. Fonseca used to be the VP Corporate Development for SilverCrest Mines which was acquired by First Majestic Silver (FR.TO, AG) in 2015 and more recently was the CEO and subsequently the COO of GR Silver (GRSL.V).
Aztec Minerals is cashed up after closing a C$2.6M placement at the end of July. The company closed a 14.3M unit placement with each unit consisting of a common share and a half warrant with an exercise price of C$0.25 for a period of 24 months. The units were priced at C$0.18 which means the stock is currently trading at a discount of almost 15% to the recent placement.
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