Azimut Exploration closes $7 million private placement of flow-through, hard-dollar shares

Reuters2026/08/18 20:21

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Azimut Exploration closed a non-brokered private placement raising about CAD 7 million on Aug. 18, 2026.
Issued 6,038,647 flow-through shares at CAD 0.83 for CAD 5 million; issued 3,333,332 hard dollar shares at CAD 0.6 for CAD 2 million.
Centerra Gold lifted its stake to 12.67% from 9.84% by buying 4,038,647 shares; became an insider.
Proceeds earmarked for advancing the Wabamisk and Elmer properties; hard dollar proceeds also for general corporate purposes.
Shares outstanding rose to 110,311,289; offering still requires final TSX Venture Exchange 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 August 18, 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 closes $7 million private placement of flow-through, hard-dollar shares

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