Symbol : AZM TSX Venture
LONGUEUIL, QC, Oct. 11 /CNW Telbec/ - Azimut Exploration Inc. (the
"Corporation") announces that the shareholders of the Corporation approved
yesterday at the special meeting called to that effect the Shareholder Rights
Plan (the "Rights Plan") adopted by the Board of Directors on May 31st, 2007
(see June 1st, 2007 press release). The Rights Plan is designed to encourage
the fair treatment of shareholders in connection with any takeover offer for
The Rights Plan will provide the Board of Directors and the shareholders
with more time to fully consider any unsolicited takeover bid for the
Corporation without undue pressure, to allow the Board of Directors to pursue,
if appropriate, other alternatives to maximize shareholder value and to allow
additional time for competing bids to emerge. A copy of the Rights Plan will
be available at www.sedar.com.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies to discover major ore deposits.
The TSX Venture has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Jean-Marc Lulin, President and Chief Executive
Officer; Normand Champigny, Executive Vice President, (450) 646-3015, Fax:
(450) 646-3045, firstname.lastname@example.org, www.azimut-exploration.com