Symbol: AZM.TSX Venture
LONGUEUIL, QC, April 19 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") announces that on March 25, 2010, SIDEX exercised its conversion right on the balance of a loan (see press release dated November 21, 2008) in the amount of $250,000 together with accrued interest totaling $10,273.97. Thus, upon approval of the TSX Venture Exchange, the company will issue to SIDEX a total of 477,847 units at an average price of $0.5447 per unit, each consisting of one (1) common share and a warrant having an exercise price of $0.65 and valid until November 20, 2010.
Azimut is a mineral exploration company using cutting-edge targeting methodologies with the objective of discovering major ore deposits.
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
For further information: For further information: Jean-Marc Lulin, President and Chief Executive Officer, (450) 646-3015, Fax: (450) 646-3045, firstname.lastname@example.org; www.azimut-exploration.com