Azimut Begins Trading on OTCQX Market
Azimut Begins Trading on OTCQX Market
TSXV: AZM
OTCQX: AZMTF
LONGUEUIL, QC
,
April 13, 2022
/CNW Telbec/ -
Azimut Exploration Inc.
("Azimut" or the
"Company") (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce that effective today it has
qualified to trade on the OTCQX® Best Market under the symbol "AZMTF". Azimut Exploration
upgraded to OTCQX from the Pink® market.
It is anticipated that the trading of Azimut shares on the OTCQX will provide greater visibility to the
Company and a smooth experience for U.S. shareholders. U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com
.
Azimut's common shares will continue to trade on the TSX Venture Exchange under the symbol
AZM.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent
trading for their U.S. investors. For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home market reporting to make their
information available in the U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and demonstrate compliance with applicable
securities laws.
About Azimut
Azimut is a leading mineral exploration company with a solid reputation for target generation and
partnership development. Azimut holds the largest mineral exploration portfolio in the Province of
Quebec (Canada
). The focus is on gold, copper and nickel tier-1 targets. Since 2004, the Company
has signed 32 strategic alliances and partnership agreements with 18 senior and junior companies.
The Company is actively advancing its wholly-owned flagship Elmer Gold Project in the
James Bay
region of
Quebec
to the initial resource stage. The main gold zone, Patwon, is currently defined over
a strike length of 580 metres, a depth of 600 metres, and an average true width of 35 metres. This
zone is geometrically robust with strong growth potential. The probability of finding additional zones
in the vicinity is considered excellent.
Azimut uses a pioneering approach to big data analytics (the proprietary
AZtechMine
TM
expert
system), enhanced by extensive exploration know-how. The Company's competitive edge is based
on systematic regional-scale data analysis and concurrently active projects. Azimut maintains
rigorous financial discipline and a strong balance sheet, with 81.9 million shares issued and
outstanding.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and
international securities. Our data-driven disclosure standards form the foundation of our three public
markets: OTCQX
®
Best Market, OTCQB
®
Venture Market and Pink
®
Open Market.
The OTC Link
®
Alternative Trading Systems (ATSs) provide critical market infrastructure that
broker-dealers rely on to facilitate trading. The innovative model offers companies more efficient
access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by
OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how OTC Markets Group Inc. creates better informed and more efficient
markets, visit
www.otcmarkets.com
.
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements, which reflect the Company's current
expectations regarding future events related to the drilling results at the Elmer Property. To the
extent that any statements in this press release contain information that is not historical, the
statements are essentially forward-looking and are often identified by words such as "consider",
"anticipate", "expect", "estimate", "intend", "project", "plan", "potential", "suggest" and "believe". The
forward-looking statements involve risks, uncertainties, and other factors that could cause actual
results to differ materially from those expressed or implied by such forward-looking statements.
There are many factors that could cause such differences, particularly volatility and sensitivity to
market metal prices, impact of change in foreign currency exchange rates and interest rates,
imprecision in reserve estimates, recoveries of gold and other metals, environmental risks
including increased regulatory burdens, unexpected geological conditions, adverse mining
conditions, community and non-governmental organization actions, changes in government
regulations and policies, including laws and policies, global outbreaks of infectious diseases,
including COVID-19, and failure to obtain necessary permits and approvals from government
authorities, as well as other development and operating risks. Although the Company believes that
the assumptions inherent in the forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date of this document. The
Company disclaims any intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, other than as required to do so
by applicable securities laws. The reader is directed to carefully review the detailed risk discussion
in our most recent Annual Report filed on SEDAR for a fuller understanding of the risks and
uncertainties that affect the Company's business.
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.
View original content:
http://www.newswire.ca/en/releases/archive/April2022/13/c2649.html
%SEDAR: 00003284E
For further information:
Jean-Marc Lulin, President and CEO,Tel.: (450) 646-3015 - Fax: (450)
646-3045, [email protected], www.azimut-exploration.com
CO: Azimut Exploration Inc.
CNW 06:30e 13-APR-22