ASX: AZS 21 SEPTEMBER 2012 SHARE PLACEMENT Azure Minerals Limited (ASX: AZS) (“Azure” or “Company”), announces that it has received commitments to participate in a share placement (“Placement”) of 39,000,000 fully paid ordinary shares at $0.018 each to raise $702,000. Options exercisable at 2 cents each and expiring 2 years from their issue date will also be allocated on the basis of one free option for every two shares subscribed.
The Placement which falls within the Company’s 15% capacity was made to professional and sophisticated investors with the Placement shares expected to be allocated within a week.
Azure Managing Director, Mr Tony Rovira, commented:
Azure Managing Director, Mr Tony Rovira, commented:
“Proceeds from the Placement, along with funds from the recently over-subscribed Share Purchase Plan places the Company in a strong cash position. This will allow it to aggressively conduct exploration activity to expand the current JORC resource at the high-grade Promontorio project and progress its Definitive Feasibility Study.”
-ENDS-
For further information, please contact: Anthony Rovira – Managing DirectorAzure Minerals Limited
Ph: +61 8 9481 2555
or visit www.azureminerals.com.au
