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Cassels Represents the Underwriters in Azimut’s $28.75 Million Bought Deal Private Placement Financing


On July 16, 2021, Azimut Exploration Inc. closed its bought deal private placement financing for total gross proceeds of approximately $28.75 million, consisting of 3,463,900 common shares of the company that qualify as “flow-through shares” at a price of $3.32 per flow-through share and 9,078,472 common shares of the company on a non-flow-through basis at a price of $1.90 per share.

Paradigm Capital Inc. acted as lead underwriter in connection with the offering with a syndicate including Laurentian Bank Securities Inc. and Sprott Capital Partners LP.

Cassels acted for the underwriters.

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