Azimuth has released, under section 644 of the Corporations Act 2001, a Supplementary Target's Statement, dated 17 May 2013 which is supplementary to Azimuth's Target's Statement dated 9 May 2013 in relation to the off-market takeover bid by Troy Resources for all the ordinary shares in Azimuth (Offer). This supplementary target's statement dated [...]
Azimuth Resources hereby advises, further to Section 6.16 of the Target's Statement lodged on 9 May 2013, that ASX Limited has granted Azimuth a waiver from listing rule 6.23.2 to the extent necessary to permit Azimuth to cancel 15,822,581 unquoted options on issue for consideration without shareholder approval subject to the following [...]
Troy Resources and Azimuth Resources are pleased to jointly announce that mailing of the Bidder's Statement and Target's Statement in connection with Troy's offer to acquire all the outstanding shares in Azimuth has commenced today. On 28 March, 2013, being the date the Offer was announced, the Offer represented a premium of 78% to Azimuth's [...]
Troy Resources and Azimuth Resources are pleased to jointly announce that mailing of the Bidder's Statement and Target's Statement in connection with Troy's offer to acquire all the outstanding shares in Azimuth has commenced today. On 28 March, 2013, being the date the Offer was announced, the Offer represented a premium of 78% to Azimuth's [...]
Azimuth advises it has today cancelled the following unlisted options issued under the Company's Employees and Consultants Option Plan. 150,000 options exercisable at $0.42 each, expiring on 30 May 2014; 1,500,000 options exercisable at $0.70 each, expiring on 30 September 2014; 1,500,000 options exercisable at $0.90 each, expiring on 30 September [...]
Azimuth Resources 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 [...]
The Company recently announced an inferred resource of 1.65 million ounces Au at the Smarts and Hicks deposits, located in the West Omai land package, approximately 150 kilometres from the capital of Guyana, Georgetown. The Smarts deposit contains 1.08 million ounces at a grade of 4.2 g/t Au, using a 1 g/t Au cut-off and outcrops to surface. A [...]
Growing gold producer, Troy Resources Limited is pleased to advise that the recording of a webcast between the CEO of Troy and the CEO of Azimuth Resources Limited discussing the proposed takeover can be listened to on the Company's website:
Azimuth Resources has released an announcement relating to the Recommended Takeover Offer by Troy Resources. A copy of the Takeover Bid Implementation Deed in relation to the Takeover Offer can be viewed at:
Profitable gold producer Troy Resources Limited has released an announcement relating to its Recommended Takeover Offer of Azimuth Resources by Troy Resources. Highlights: Transaction will create a leading ASX/TSX listed South American focused gold company. Offer values Azimuth at A$0.437 per share(1):
Following the appointment of Mr Russell Clark as CEO of Azimuth Resources in January 2013, the Company is pleased to provide an update on its overall strategy for 2013. During 2012 the Company continued exploration drilling at its West Omai project (Smarts and Hicks deposits) in Guyana, South America. The Company upgraded its mineral resource [...]
Azimuth Resources is pleased to announce a 35% increase in its JORC code and National Instrument 43-101 compliant gold resource estimate for the Smarts and Hicks deposits at its flagship West Omai gold project in Guyana. The resource has been independently estimated by global mining consultancy RungePincockMinarco Limited.The Inferred Mineral [...]
