RockBreaks – Azimut Exploration Inc. (TSX.V: AZM) (OTCQX: AZMTF) Plans Private Placement for Proceeds of Up to $7 Million
Financing will support exploration at the Elmer and Wabamisk properties and provide funding for general corporate purposes 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…