- Azincourt Energy (AAZ) has closed the final tranche of its non-brokered private placement for gross proceeds of $8,100,000
- The company issued a total of of 77,877,416 non-flow-through units, 17,600,126 flow-through units and 14,285,714 charity flow-through units
- Azincourt paid finders’ fees totaling $135,600 and issued a total of 1,899,047 finders’ warrants
- The net proceeds from the sale of non-flow-through units will be used primarily for the development of the East Preston uranium project
- Azincourt Energy is a Canadian-based resource company
- Azincourt Energy Corp. (AAZ) is up 14.29 per cent, trading at C$0.08 per share at 12:00 pm ET
Azincourt Energy (AAZ) has closed the final tranche of its previously announced non-brokered private placement.
The company has issued 17,071,428 non-flow-through units and 6,666,667 flow-through units. Each non-flow-through unit was offered at a price of $0.07 and each flow-through unit was offered at a price of $0.075. Each unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.10 until October 12, 2024.
When combined with the earlier tranche of the placement, Azincourt has raised gross proceeds of $8,100,000 through the issuance of 77,877,416 non-flow-through units, 17,600,126 flow-through units and 14,285,714 charity flow-through units.
The net proceeds from the sale of non-flow-through units will be used primarily for the development of the East Preston uranium project; working capital; and general corporate purposes.
Azincourt paid finders’ fees totalling $135,600 and issued a total of 1,899,047 finders’ warrants. Each finders’ warrant is exercisable into one common share for a price of $0.07 until October 12, 2024.
Azincourt Energy is a Canadian-based resource company specializing in the acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements.
Azincourt Energy Corp. (AAZ) is up 14.29 per cent, trading at C$0.08 per share at 12:00 pm ET.