Azincourt Energy Announces Closing of Financing
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AZINCOURT ENERGY ANNOUNCES CLOSING OF FINANCING
Vancouver B.C., February 14, 2023 - AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”)
(TSX.V: AAZ, OTC: AZURF) , is pleased to announce that it has closed its non-brokered private placement
financing (the “Offering”) for aggregate gross proceeds of $575,000.
The Offering consisted of 9,583,334 units (“Units”) at a price of $0.06 per Unit. Each Unit consists of one
common share of the Company (a “Share”) and one-half of one common share purchase warrant (each whole
warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of
$0.10 at any time on or before February 14, 2025.
The offering document filed in connection with the Offering, dated January 26, 2023 and amended on January 31,
2023, can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at:
www.azincourtenergy.com. The Company intends to use the net proceeds from the Offering to advance its primary
business objective of continuing exploration and development of the East Preston Project and for general working
capital purposes.
The Offering was completed pursuant to the Listed Issuer Financing Exemption (as defined in National Instrument
45-106 – Prospectus Exemptions), and the securities issued to purchasers in the Offering are not subject to a hold
period pursuant to applicable Canadian securities laws. No finders’ fees or commissions were paid in connection
with completion of the Offering.
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.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
“Alex Klenman”
Alex Klenman, President & CEO
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
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Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com
Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking
statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact,
included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward
looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results
"will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other
things: statements relating to the successful closing of the Offering and anticipated timing thereof and the intended use of proceeds.
Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs,
opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while
considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking
statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include,
without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue
reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required
by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
TSX Venture Exchange Disclaimer
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.