Québec funds invest in Azimut's $2.5 mln private placement
Canadian mineral exploration company Azimut Exploration Inc (TSX-V: AZM) has closed a private placement of $2.5 million. Of the total amount, $1.1 million was invested by private equity funds managed or sponsored by Caisse de dépôt et placement du Québec, Capital régional et coopératif Desjardins, Fonds de solidarité FTQ and the Québec government. Azimut, which is based in Longueuil, Québec, said the deal's proceeds would be used primarily to advance its Eléonore South gold property in the James Bay region and carry out other exploration work.
25 July 2016•4 mins read
