MiningNewsBreaks – Azimut Exploration Inc. (TSX.V: AZM) (OTCQX: AZMTF) Plans Private Placement for Proceeds of Up to $7 Million
Azimut Exploration (TSX.V: AZM) (OTCQX: AZMTF) announced plans to conduct a nonbrokered private placement for total proceeds of up to $7 million. The offering will consist of 6,038,647 flow-through shares priced at $0.828 per share and 3,333,333 hard-dollar shares priced at $0.60 per share. Proceeds from the flow-through shares will be used primarily to further advance the Elmer and Wabamisk properties, while proceeds from the hard-dollar shares will support exploration and general corporate purposes. The offering is expected to close on or about Aug. 10, 2026, subject to regulatory approval. Securities issued through the offering will be subject to a hold period of four months and one day. Azimut may pay eligible…