Dec 15 (Reuters) - Azimut Exploration Inc AZM.V :
* AZIMUT ANNOUNCES $1.55 MILLION FLOW-THROUGH PRIVATE PLACEMENT FINANCING
* AZIMUT EXPLORATION-TO RAISE UPTO $1.6 MILLION IN NON-BROKERED PRIVATE PLACEMENT OF UPTO 3.1 MILLION FLOW-THROUGH (FT) COMMON SHARES OF CO AT $0.50/FT SHARE
* AZIMUT EXPLORATION INC - PROCEEDS FROM SALE OF FT SHARES WILL BE USED BY CO TO INCUR ELIGIBLE CANADIAN EXPLORATION EXPENSES