/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
PERTH, Australia, April 8, 2013 /CNW/ - Azimuth Resources Limited (ASX andTSX: AZH) (the "Company" or "Azimuth") is pleased to announce it has today issued convertible notes to Troy Resources Limited for consideration of $10,000,000, on the terms set out in the announcement dated 28 March 2013.
The notes are being issued under the Company's capacity in accordance with ASX Listing Rule 7.1 and funds have been received.
Funds raised are to be used to fund infill drilling of the Smarts Deposit, advancement of engineering studies and for working capital purposes.
An Appendix 3B for the issue has been lodged with ASX and is available on the Company's website at www.azimuthresources.com.au.
Azimuth has also released a new corporate video which can be viewed on its website at www.azimuthresources.com.au.
SOURCE: Azimuth Resources
For further information:
Chief Executive Officer
Tel: +61 8 9381 2488
Fortbridge Consulting Pty Ltd
Tel: +61 2 9003 0499
Tel: +61 400 122 449