By Laura Lutz
Washington, Dec. 22 - Azimut Exploration Inc. raised C$1,511,250 from a previously announced private placement of common shares.
The company sold 325,000 shares at C$4.65 each.
Desjardins Securities and Laurentian Bank Securities acted as agents for C$999,750 and C$255,750 of the deal, respectively.
Sodemex II, an institutional fund subsidiary of the Caisse de depot placement du Quebec, subscribed for the remaining C$255,750 of the deal.
The deal priced on Dec. 8.
Proceeds will be used for business development.
Prior to the placement, the company had 16.2 million shares outstanding.
Azimut is a mineral exploration company based in Montreal.
| Issuer: | Azimut Exploration Inc.
|
| Issue: | Common shares
|
| Amount: | C$1,511,250
|
| Shares: | 325,000
|
| Price: | C$4.65
|
| Warrants: | No
|
| Investor: | Sodemex II (for C$255,750)
|
| Agent: | Desjardins Securities (for C$999,750); Laurentian Bank Securities (for C$255,750)
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 22
|
| Stock symbol: | TSX Venture: AZM
|
| Stock price: | C$4.62 at close Dec. 7
|
| Stock price: | C$5.06 at close Dec. 22
|
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