Symbol: AZM.TSX Venture
LONGUEUIL, QC, Dec. 28, 2017 /CNW Telbec/ - Azimut Exploration
Inc. ("Azimut") (TSXV: AZM) announces the closing of
a non-brokered flow-through private placement of $1,550,000. The placement consists of 3,100,000
flow-through common shares at a price of $0.50 per share.
Proceeds from this placement will be used by Azimut to incur
eligible Canadian exploration expenses for exploration programs on
its mineral properties, including the Eleonore South JV
Property.
The securities issued under this financing will be subject to a
hold period of four months from the closing date. No commissions or
finder's fees have been paid in respect of this financing.
About Azimut Exploration
Azimut is a mineral exploration company whose core business is
centred on target generation and concurrent partnership
development. Targeting is performed using a pioneering proprietary
approach to Big Data analytics, enhanced by extensive exploration
know-how.
Azimut holds a strategic position for gold and base metals in
Quebec, including one of the
largest exploration portfolios in the James Bay region (21 properties covering 4,135
claims or 2,116 km2).
www.azimut-exploration.com
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.