Azincourt Energy Announces an Increase to Its Private Placement and Closing
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. N EWSWIRE SERVICES FOR DISSEMINATION IN
THE UNITED STATES
AZINCOURT ENERGY ANNOUNCES AN INCREASE TO ITS
PRIVATE PLACEMENT AND CLOSING
Vancouver B.C., May 20, 2020 - AZINCOURT ENERGY COR P. (“Azincourt” or the “Company”;
TSXV: AAZ) today announced the closing of its non-brokered private p lacement for gross proceeds of
C$1,481,905 (the “Offering”). The Offering was ove rsubscribed and the Company raised an additional
$481,905 and issued an additional 9,920,996 units to what was previously announced (see news release dated
April 22, 2020).
22,750,000 non-flow-through units were issued at a price of $0.05 (the “NFT Units”) and 6,261,906 flow -
through units were issued at a price of $0.055 (the “FT Units”). Each NFT Unit issued is comprised of one
common share and one common share purchase warrant (a “Warrant”). Each FT Unit issued is comprised of
one flow-through common share and one 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 net proceeds of the Offeri ng to advance the Company’s projects and for genera l
corporate purposes.
The Company paid commissions to finders under the placement consisting of aggregate cash commissions of
$111,890.48 and the issuance of an aggregate of 1,1 60,191 finder’s warrants. Each finder’s warrant en titles
the holder to purchase one common share of the Comp any at a price of C$0.07 per common share until May
20, 2025.
All securities issued or issuable under the offerin g are subject to a four-month hold period expiring on
September 21, 2020, in addition to such other restr ictions as may apply under applicable securities la ws in
jurisdictions outside of Canada.
Final closing of the Offering 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 cl ean
energy elements. The Company is currently active a t its joint venture East Preston uranium project in the
Athabasca Basin, Saskatchewan, Canada, and the Esca lera 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
www.azincourtenergy.com
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the ad equacy or accuracy of this release.
This press release contains "forward-looking inform ation" that is based on the Company’s current expec tations,
estimates, forecasts and projections. This forward- looking information includes, among other things, s tatements with
respect to the Company’s development plans and the closing of the Offering and TSX Venture Exchange ap proval of the
Offering. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-
looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results , level of activity, performance or achievements to be materially
different from those expressed or implied by such f orward-looking information. Should any factor affec t the Company in
an unexpected manner, or should assumptions underly ing the forward-looking information prove incorrect , the actual
results or events may differ materially from the re sults or events predicted. Any such forward-looking information is
expressly qualified in its entirety by this caution ary statement. Moreover, the Company does not assum e responsibility
for the accuracy or completeness of such forward-lo oking information. The forward-looking information included in
this press release is made as of the date of this p ress release and the Company undertakes no obligati on to publicly
update or revise any forward-looking information, o ther than as required by applicable law.
The securities referred to in this news release hav e not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration o r an applicable exemption from the U.S. registratio n requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in th e United States must be made by means of a prospect us containing
detailed information about the company and manageme nt, as well as financial statements.