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Azimut Exploration Inc V.AZM

Alternate Symbol(s):  AZMTF

Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company’s projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande Subprovince. The property is located five kilometers (km) west of the Billy-Diamond Highway and 60 km from Eastmain, a Cree community on the east coast of James Bay. The Wabamisk property is a 40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. Its other key projects include Chromaska, Corne, Doran, Mercator and Pilipas. The Corne property is located within the metasedimentary Opinaca Subprovince (Superior Province), close to the boundary with the Opatica Subprovince.


TSXV:AZM - Post by User

Post by Frank2015on Sep 04, 2020 7:50am
318 Views
Post# 31509225

6 millions $ Private placement, no warrants, above market

6 millions $ Private placement, no warrants, above marketIf to be able to buy in that deal you have to pay 1.80$ a share when current price is 1.62$, I guess the floor for the price is 1.80$...and it is not a flow through...so no candies to help convince the investors except the great futur they might expect from the next bunch of results.

The stock price growth should resume now that the deal is done...obviously, target price of 1.80$ was set up by large hand...no reason to keep the price so low anymore. Didn't Potvin buy on the market at 1.80$ not so long ago? 

GLTA!!!

P.S. Previous PP was 2.45$ but a flow through which is, I believe, less than current price...so actual financing is at a higher level than previous PP.  According to some poster on CEO.CA, first flow through at 2.45$ is equivalent to + or - 1.20$ share price on the market...I am no fiscalist but it seem about right  from the research I have done...
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