RE:In my opinion, something is coming soon. We all hope you are right and that we get great results any day now.
A couple of points on that PP, the price of $ 2.45 is great because it minimized the dilution to us but because it has tax advantages the actual after tax costs to investors is quite a bit less than $ 2.45
That stock had a 4 month hold which means it's coming free trading very soon so big news would be helpful.
The placees consisted of 12 investors and I'm guessing the breakdown was 1 significant investor and 11 others who were already invested but who heard about the placement and wanted the tax benefit so while it wasn't just 1 big Guy/Fund/Major buying the whole PP I don't think we need to worry about the other 11 investors.
I think we must be due for results on the first few holes in ELM - 1 ( 4 holes anyway but hopefully more )
And then $ 3.00 !!
electriqueman wrote: Do you remember this news coming out in february?
LONGUEUIL, QC, Feb. 26, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces the closing of a non-brokered private placement of an amount of $6,000,000. The placement consists of 2,448,980 flow-through shares at a price of $2.45 per share. The current share price is slowly but surely increasing towards this amount and eventually AZM will exceed $2.45. Usually when a large investment like this is made by a single investor it means something important.
I wouldn't be surprised to see a JV or other financing before or just after the drilling results.
I plan to have AZM finish drilling this week if all goes well. Based on John Kaiser's estimate of how long it will take to drill Elmer...
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