Azincourt Energy Announces Private Placement
1430 – 800 West Pender Street Vancouver, BC V6C 2V6
[email protected] www.azincourtenergy.com
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AZINCOURT ENERGY ANNOUNCES PRIVATE PLACEMENT
Vancouver B.C., April, 22, 2020 - AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”; TSXV: AAZ) announces its intention to undertake a non-brokered private placement (the “Offering”) to raise aggregate gross proceeds of up to C$1,000,000. The Offering will consist of up to 10,000,000 nonflow-through units at a price of $0.05 per unit (the “NFT Units”) and up to 9,090,910 flow through units at a price of $0.055 per unit (the “FT Units”).
Each FT and NFT Unit is comprised of one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share for 5 years at a price of $0.07 per common share.
Azincourt will apply the gross proceeds of the Offering to advance the Company’s projects and for general working capital purposes.
The Company may pay finders’ fees in connection with the Offering, in accordance with TSX Venture Exchange policies. All securities issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
Closing of the private placement is subject to receipt of TSX Venture Exchange approval.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
“Alex Klenman”
Alex Klenman, President & CEO
Tel: 604-638-8063 [email protected]
www.azincourtenergy.com
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.