Centerra Gold raises Azimut Exploration stake to 12.67%

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Go back to Centerra Gold raises Azimut Exploration stake to 12.67%

Centerra Gold Files Early Warning Report in Respect of Azimut Exploration Inc.

August 20, 2026 7:00 AM EDT

TORONTO, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (Centerra or the Company) (TSX: CG) (NYSE: CGAU) announces that it has acquired 4,038,647 common shares (Shares) of Azimut Exploration Inc. (Azimut) pursuant to a non-brokered private placement, at a price of C$0.60 per Share for total consideration of C$2,423,188.20 (the Transaction).

Prior to the Transaction, Centerra beneficially owned, or exercised control or direction over 9,935,000 Shares, representing approximately 9.84% of the issued and outstanding Shares. Following completion of the Transaction, Centerra beneficially owns, or exercises control or direction over, an aggregate of 13,973,647 Shares, representing approximately 12.67% of the... More