The transaction follows Troy’s successful off-market takeover offer. The company now holds 100% of the shares in Azimuth.
In July 2013, Troy, which previously owned 93.97% of Azimuth, announced its intention to proceed to compulsory acquisition of remaining shares in Azimuth.
Azimuth Resources is an ASX-listed explorer focused on its portfolio of gold exploration projects in Guyana, South America, which comprise more than 8,700km² of granted licenses prospective for gold.
