Azincourt Energy Corp. Announces Private Placement

Core Viewpoint - Azincourt Energy Corp. is initiating a non-brokered private placement to raise up to C$1,000,000 through the issuance of flow-through units priced at $0.025 each [1][2]. Group 1: Offering Details - The offering consists of flow-through units, each comprising one flow-through common share and one common share purchase warrant, with the warrant exercisable at $0.05 for 36 months [2]. - The gross proceeds will be allocated to the drilling, exploration, and development of the Harrier Project in Newfoundland and Labrador [3]. - Proceeds will not be used for payments to non-arms length parties or for investor relations activities [3]. Group 2: Regulatory and Tax Implications - The company may pay finders' fees in accordance with applicable securities laws and TSX Venture Exchange policies [4]. - The securities issued will be subject to a hold period of four months and one day from the closing date, pending necessary approvals [4]. - The flow-through shares will qualify for tax benefits under the Income Tax Act (Canada), with proceeds used for eligible resource exploration expenses [5]. Group 3: Company Overview - Azincourt Energy Corp. focuses on the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [7]. - The company is currently active in multiple projects, including the East Preston uranium project and the Harrier project [7].