Azimut Closes a $100,000 Private Financing.MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. -- Azimut Exploration Inc. ("Azimut") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AZM AZM The ISO 4217 currency code for Azerbaijani Manat. ) announces the closing on December 23, 2005 of a flow-through share private financing totalling $100,230. In total, Azimut issued 77,100 flow-through common shares at a price of $1.30 per share. This financing has been subscribed by shareholders of Azimut, including 3 directors. The shares issued are subject to a 4-month hold period. There was no commission paid, either in cash or shares, related to this financing. The proceeds of the financing will be entirely allocated to the exploration budget. Azimut is a mineral exploration company utilizing cutting-edge targeting methodologies with the objective of discovering major ore deposits. Azimut currently has 14,934,556 issued shares. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (TSX Venture) does not accept responsibil ity for the adequacy or accuracy of this release. Azimut Exploration Inc. (TSX VENTURE:AZM) |
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