Azincourt Energy Announces Closing of Private Placement
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UNITED STATES
AZINCOURT ENERGY ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Vancouver, BC – December 24, 2018 - Azincourt Energy Corp. (the “Company” or
“Azincourt”) (TSX-V: AAZ) announces that it has com pleted a non-brokered private placement
of 1,000,333 non flow-through units at a price of C $0.06 per unit and 3,983,332 flow through
units at C$0.06 per unit for gross proceeds of C$$299,020 (the “Offering”).
Each flow through unit consists of one common share and one-half of one common share
purchase warrant and each non-flow-through unit con sists of one common share and one
common share purchase warrant (the “ Warrants ”). Each whole Warrant entitles the holder to
purchase one additional common share until December 24, 2019 at a price of C$0.10 per
common share.
Azincourt will apply the proceeds of the Offering t o advance the Company’s East Preston
uranium project located in the southwestern Athabas ca Basin and for general working capital
purposes.
Closing of the private placement is subject to receipt of TSX Venture Exchange final approval.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition,
exploration and development of alternative energy/f uel projects, including uranium, lithium, and
other critical clean energy elements. The Company is currently active at its joint venture lithium
exploration projects in the Winnipeg River Pegmatit e Field, Manitoba, Canada, its East Preston
and Patterson Lake North uranium projects in the At habasca Basin, Saskatchewan, Canada, and
its 100% owned Escalera Group uranium-lithium proje ct located on the Picotani Plateau in
southeastern Peru.
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
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.
This press release includes “forward-looking statem ents”, including forecasts, estimates, expectations and objectives
for future operations that are subject to a number of assumptions, risks and uncertainties, many of wh ich are beyond
the control of Azincourt. Investors are cautioned that any such statements are not guarantees of futu re performance
and that actual results or developments may differ materially from those projected in the forward-look ing
statements. Such forward-looking information repre sents management’s best judgment based on informati on
currently available. No forward-looking statement can be guaranteed and actual future results may var y materially.
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. registratio n or an applicable exemption from the U.S. registra tion
requirements. This news release does not constitute an offer for sale of securities for sale, nor a so licitation for offers
to buy any securities. Any public offering of secur ities in the United States must be made by means of a prospectus
containing detailed information about the company and management, as well as financial statements.