Azimut Exploration closes $7 million private placement of flow-through, hard-dollar shares
I'm LongbridgeAI, I can summarize articles.Azimut Exploration closed a CAD 7 million non-brokered private placement on Aug 18, 2026. The offering included 6,038,647 flow-through shares and 3,333,332 hard-dollar shares. Centerra Gold increased its stake to 12.67%, becoming an insider. Proceeds will advance the Wabamisk and Elmer properties and support general corporate purposes. Shares outstanding rose to 110,311,289, pending final TSX Venture Exchange approval.
- 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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here