Symbol: AZM.TSX Venture
LONGUEUIL, QC, July 30, 2013 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) announces that a total of 710,000 stock options have been granted to
its directors, officers, employees and consultants. Of this number,
640,000 have been granted to its directors and officers and 70,000 to
its employees and consultants. These options have an exercise price of
$0.19 per share and are exercisable during a 10-year period.
Azimut is continuing to focus its effort to develop new partnerships in
Quebec. The Company also continues to identify high quality exploration
opportunities based on its systematic data processing approach.
In Nunavik, the Rex Trend, including the Rex, Rex South and NCG
properties, provides Azimut with a commanding position over a new
330-kilometre-long mineral belt containing major polymetallic targets.
The Company has also a long-standing exploration focus in the James Bay
region with active partnerships on the following key gold properties:
Eleonore South (Goldcorp/Eastmain JV), Wabamisk (Goldcorp JV), Opinaca
A and Opinaca B (Hecla Option/Everton JV).
The Company maintains a conservative business approach by minimizing
equity dilution and by preserving its cash position, particularly in
the current mining industry context. Azimut has 36.47 million shares
issued and a working capital of $2.9 million.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies with the objective of discovering major ore deposits. The
Company holds the largest mineral exploration portfolio in Quebec,
mostly for gold, copper, tungsten and uranium.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: AZIMUT EXPLORATION INC.
Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 - Fax: (450) 646-3045
Copyright CNW Group 2013