Azimut Exploration is pleased to report that on May 16, 2025, it has closed its previously announced non-brokered placement with Centerra Gold and has issued 9,935,000 common shares to Centerra for gross proceeds of $5,961,000. Azimut is also pleased to report that on May 16, 2025, it closed a concurrent non-brokered private placement with the following entities, for additional gross proceeds of $2,751,400:
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