Canada NewsWire
LONGUEUIL, QC, Dec. 28, 2017
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.
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