10:41 AM EDT, 09/25/2025 (MT Newswires) -- Aztec Minerals ( AZZTF ) , which was down 7% on last look, said Thursday that it is upsizing its private placement of shares to $8.7 million from $5 million.

The company will issue 37 million shares at $0.235 each. The underwriters have also been granted a 15% over-allotment option, which, if fully exercised, would yield additional proceeds of $1.3 million.

Proceeds will be used to advance exploration activities on Aztec's U.S. and Mexico projects.

Aztec shares are down $0.02, to $0.26, on the TSX Venture Exchange.

Price: 0.27, Change: -0.02, Percent Change: -5.36