VANCOUVER, June 12, 2015 /CNW/ - 25022011 Ltd. (formerly Augusta Investments Inc.) announces it has acquired (the "Acquisition") 3,813,244 units of AZ Mining Inc. ("AZM", formerly Wildcat Silver Corporation) as settlement for loans made to AZM by 25022011 Ltd. aggregating $1,525,297.87. Each unit is comprised of one common share and one common share purchase warrant. Each warrant is exercisable at $0.60 per common share until June 12, 2017. As a result of this transaction, 25022011 Ltd. increased its ownership to 10,881,044 common shares of AZM representing 7.06% of the issued and outstanding shares of AZM as at that date. In addition, following the Acquisition, 25022011 Ltd. owns an aggregate of 8,313,244 warrants of AZM.
25022011 Ltd. is 100% indirectly held by Richard W. Warke ("Warke"). Following the Acquisition, Warke directly and indirectly holds or controls 19,992,332 common shares of AZM (representing 12.98% of AZM at June 12, 2015) and indirectly holds 8,313,244 warrants of AZM exercisable between $0.55 - $0.60 per common share expiring between August 20, 2016 – June 12, 2017.
25022011 Ltd. has filed a Report on SEDAR pursuant to National Instrument 62-103 (Early Warning Report). A copy of the Report can be obtained from SEDAR at www.sedar.com.
"Richard W. Warke"
SOURCE 25022011 Ltd.
For further information: RICHARD W. WARKE, President and Director, Suite 555, 999 Canada Place, Vancouver, BC, V6C 3E1, Tel: 604-687-1717