By Laura Lutz
Washington, Dec. 8 - Azimut Exploration Inc. arranged two private placements of shares for C$1,255,500.
Desjardins Securities will act as agent for a $999,750 placement of 215,000 common shares at C$4.65 each.
Concurrently, Sodemex II, an institutional fund subsidiary of the Caisse de depot placement du Quebec, will purchase 55,000 shares at the same price, for proceeds of $255,750.
Proceeds will be used for business development.
The company has 16.2 million shares outstanding.
Azimut is a mineral exploration company based in Montreal.
| Issuer: | Azimut Exploration Inc.
|
| Issue: | Common shares
|
| Amount: | C$1,255,500
|
| Shares: | 270,000
|
| Price: | C$4.65
|
| Warrants: | No
|
| Investor: | Sodemex II (for C$255,750)
|
| Agent: | Desjardins Securities (for C$999,750)
|
| Pricing date: | Dec. 8
|
| Stock symbol: | TSX Venture: AZM
|
| Stock price: | C$4.62 at close Dec. 7
|
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