Core Viewpoint - Azimut Exploration Inc. has successfully closed a non-brokered private placement with Centerra Gold Inc. and other entities, raising a total of $8,712,400 to support its exploration activities and business development [1][2][3]. Group 1: Financial Details - Azimut issued 9,935,000 common shares to Centerra for gross proceeds of $5,961,000 [1] - A concurrent private placement raised an additional $2,751,400, totaling 14,520,666 common shares issued at a price of $0.60 per share [2] - The total gross proceeds from the Offering amount to $8,712,400 [2] Group 2: Strategic Implications - Centerra now holds approximately 9.9% of Azimut's issued and outstanding common shares, marking its entry as a strategic investor [2] - The proceeds will be utilized to expand exploration activities on the Wabamisk (gold-antimony) and Elmer (gold-copper) properties, as well as for general corporate purposes [3] - Azimut anticipates a significant level of exploration activity over the next 12 months, including partner-funded exploration at the Kukamas (nickel-copper-platinum-palladium) project [3] Group 3: Investor Rights and Related Transactions - An investor rights agreement has been executed with Centerra, allowing it to participate in future equity issuances to maintain its ownership interest [4] - Agnico Eagle has subscribed for 833,333 common shares for gross proceeds of $499,999.80, representing approximately 11% of Azimut's issued and outstanding common shares post-offering [5] - The Agnico Offering is classified as a related party transaction under Multilateral Instrument 61-101, with exemptions applied for formal valuation and minority shareholder approval [5] Group 4: Regulatory and Compliance - The Offering is subject to final approval by the TSX Venture Exchange, with a hold period of four months and one day for all securities issued [6] - A material change report will be filed less than 21 days prior to the closing date of the Agnico Offering due to timing constraints [5]