Azimut Exploration Inc.

Azimut Exploration Inc.

January 06, 2005 13:47 ET

Azimut Closes a $100,000 Private Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AZIMUT EXPLORATION INC.

TSX VENTURE SYMBOL: AZM

JANUARY 6, 2005 - 13:47 ET

Azimut Closes a $100,000 Private Financing

QUEBEC CITY, QUEBEC--(CCNMatthews - Jan. 6, 2005) - Exploration Azimut
Inc. ("Azimut") announces the closing on December 31, 2004 of a
flow-through share private financing totalling $100,000. In total,
Azimut issued 166,669 common shares at a price of $0.60 per share.

This financing has been subscribed by shareholders of Azimut, including
2 directors. The shares issued are subject to a 4-month-hold period.
There was no commission paid, either in cash or shares, related to this
financing. The proceeds of the financing will be entirely allocated to
the exploration budget.

Azimut is a mineral exploration company utilizing cutting-edge targeting
methodologies with the objective of discovering major ore deposits.
Azimut currently has 12.58 million issued shares.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Azimut Exploration Inc.
    Jean-Marc Lulin
    President and Chief Executive Officer
    (450) 646-3015
    (450) 646-3045 (FAX)
    jmlulin@azimut-exploration.com
    The TSX Venture Exchange (TSX Venture) does not accept responsibilityfor
    the adequacy or accuracy of this release.