Azimut Exploration plans CAD 7 million private placement of flow-through, hard-dollar shares

Reuters2026/07/20 10:44

By:Reuters

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Azimut Exploration plans a non-brokered private placement of up to CAD 7 million.
Offering includes 6,038,647 flow-through shares at CAD 0.83, raising about CAD 5 million.
Also includes 3,333,333 hard dollar shares at CAD 0.6, raising about CAD 2 million.
Flow-through proceeds earmarked for Canadian exploration expenses, mainly advancing the Elmer and Wabamisk properties through 2027.
Closing targeted around Aug. 10, 2026, subject to regulatory approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azimut Exploration Inc. published the original content used to generate this news brief on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Azimut Exploration plans CAD 7 million private placement of flow-through, hard-dollar shares

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