Correcting...In the news release transmitted earlier today (March 17, 1997) for Azimut Exploration, in the first paragraph we should have read: $600,000 private placement instead of $6000,000 private placement. The complete corrected version follows:CORRECTION: Azimut Exploration Inc. Announces the Completion of a Private Placement.QUEBEC--(BUSINESS WIRE)--March 17, 1997--(ME: AZM AZM The ISO 4217 currency code for Azerbaijani Manat. .) Azimut Not to be confused with Azimuth. Azimut is a power-boat builder based in Avigliana, Italy, it also has ship yards in Savona and Viareggio In 1969, Paolo Vitelli started his yacht charter business in Turin, while taking his University degree. Exploration Inc. would like to inform its shareholders that it has completed a $600,000 private placement financing with three (3) subscribers at a price of $1.70 per share. Each share comes with one warrant that entitles the holder to purchase one common share of the corporation at $2.21 per share during the next eigthteen (18) months. The proceeds from the financing will mainly be used for the working capital and partly to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. the company's obligations on the Matamec project in the Sept-Iles area. Azimut Exploration Inc. is a junior company dedicated to the acquisition and development of high quality mineral properties in Canada and throughout the world. Azimut is listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg (3.6 million shares issued) under "AZM.". CONTACT: Azimut Exploration Inc. Mr. Jacquelin Gauthier, 418/694-0692 418/694-0331 (FAX) |
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