Azincourt Energy Announces Private Placement Under the Listed Issuer Financing Exemption (LIFE) and Share Consolidation

Core Viewpoint - Azincourt Energy Corp. is conducting a non-brokered private placement under the Listed Issuer Financing Exemption, aiming to raise between approximately $750,000 and $1,500,000 through the issuance of 15,000,000 to 30,000,000 units at a price of $0.05 per unit [1][2] Group 1: Private Placement Details - The Offering will consist of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.07 within 36 months after the Offering's closing date [1] - The net proceeds from the Offering will be allocated for general working capital and exploration activities at the Harrier Project in Newfoundland and Labrador [1] Group 2: Share Consolidation - The board of directors has authorized a share consolidation on a one-for-four basis, reducing the outstanding shares from approximately 516,358,032 to about 129,089,508 shares post-consolidation [3] - The completion of the share consolidation is subject to approval from the TSX Venture Exchange [3] Group 3: Company Overview - Azincourt Energy Corp. specializes in the acquisition, exploration, and development of alternative energy projects, focusing on uranium, lithium, and other critical clean energy elements [4] - The company is currently active in its East Preston uranium project in Saskatchewan and the Snegamook uranium project in Labrador [4]