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| Home : Azul Announces Private Placement |
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Aug 09
2013 |
Azul Announces Private Placement |
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TORONTO, ONTARIO--(Marketwired - Aug. 9, 2013) - Azul Ventures Inc. ("Azul", or the "Company") (TSX VENTURE:AZL) is pleased to announce the closing of a non-brokered private placement offering (the "Offering") of $700,000 of gross proceeds based on the issuance of 8,750,000 units (the "Units") at a price of $0.08 per Unit. Each Unit consisted of one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire a common share at an exercise price of $0.15 for a period of 24 months from August 9, 2013 (the "Closing"). The Common Shares and Warrants will be subject to a resale restriction for a period of four months plus one day from Closing. The net proceeds of the offering will be used to fund the Company's exploration and development activities, to repay outstanding debt and for general working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1819526&sourceType=3 |
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