Azimut: Extension of Expiry Date of Warrants
03 Giugno 2016 - 9:16PM
PR Newswire (Canada)
Symbol: AZM.TSX Venture
LONGUEUIL, QC, June 3, 2016 /CNW Telbec/ - Azimut Exploration
Inc ("Azimut" or the "Corporation")
(TSXV: AZM) announces that, subject to required
approvals from regulatory authorities:
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(a)
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Azimut will extend
until June 18, 2018 the expiry date of warrants issued in
connection with a private placement which closed on June 18, 2014.
Azimut distributed 500,000 units at a price of $0.30 per unit for
proceeds of $150,000. Each unit consisted of one (1) common share
and one half purchase warrant, each whole warrant entitling to
subscribe for one (1) additional common share of the Corporation at
a price of $0.45 per share until June 18, 2016.
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(b)
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Azimut will extend
until June 20, 2018 the expiry date of warrants issued in
connection with a private placement which closed on June 20, 2014.
Azimut distributed 666,668 units at a price of $0.30 per unit for
proceeds of $200,000. Each unit consisted of one (1) common share
and one half purchase warrant, each whole warrant entitling to
subscribe for one (1) additional common share of the Corporation at
a price of $0.45 per share until June 20, 2016.
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No warrants have been exercised and no insider of Azimut holds a
participation.
Azimut is a mineral exploration company with the objective of
discovering major ore deposits. The Company's core business is
target generation and concurrent partnership development. Targets
are generated using advanced processing of large geoscientific
databases. Azimut has 37.6 million shares outstanding.
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
SOURCE Azimut Exploration Inc.
Copyright 2016 Canada NewsWire
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