Azincourt Energy Announces Closing of Private Placement Under the Listed Issuer Financing Exemption (LIFE)
Azincourt Energy Announces Closing of
Private Placement Under the Listed Issuer
Financing Exemption (LIFE)
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) -
AZINCOURT ENERGY CORP.
(TSXV: AAZ) (OTCQB: AZURF)
("
Azincourt
" or the "
Company
") is pleased to announce, further to its
news releases dated December 2, 2025 and December 15, 2025, that the Company has completed its
non-brokered private placement, under the Listed Issuer Financing Exemption (as defined below), for
gross proceeds of $1,031,000 (the "
Offering
"). In connection with the Offering, the Company issued
20,620,000 units (each, a "
Unit
"), with each Unit consisting of one post-Consolidation (as defined
below) common share of the Company (each, a "
Share
") and one common share purchase warrant
(each, a "
Warrant
"). Each Warrant entitles the holder to purchase one Share at a price of $0.07 at any
time on or before December 23, 2028. The Company plans to use the proceeds raised from the Offering
for general working capital purposes and for exploration activities at the Company's Harrier Project in
Newfoundland and Labrador.
In connection with the closing of the Offering, the Company has paid or will pay an aggregate of $53,500
in finder's fees and has issued an aggregate of 1,070,000 finder's warrants (the "
Finder's Warrants
")
to eligible arm's length parties pursuant to Exchange policies. Each Finder's Warrant will be exercisable
to acquire a Share at a price of $0.07 per share for a period of 36 months.
The securities issued under the Offering will not be subject to a hold period in Canada, subject to any
hold periods required by the Exchange. The Units were offered for sale to purchasers resident in
Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part
5A of NI 45-106 - Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 (the
"
Listed Issuer Financing Exemption
"), and are not subject to a hold period pursuant to applicable
Canadian securities laws. The securities issued pursuant to the Offering have not been, and will not 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 registration or an
applicable exemption from the registration requirements.
Effective December 23, 2025, the Company implemented the previously announced share consolidation
on the basis of six pre-consolidation common shares for each one post-consolidation common share
(the "
Consolidation
"). All references in this news release to common shares in the capital of the
Company are on a post-Consolidation basis.
About Azincourt Energy Corp.
Azincourt 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 Harrier Project located in the Central Mining Belt of
Labrador and its East Preston uranium project located in the Athabasca Basin, Saskatchewan.
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: 778-726-3356
Azincourt Energy Corp.
1012 - 1030 West Georgia Street
Vancouver, BC V6E 2Y3
www.azincourtenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain "Forward-Looking Statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When or if used in this news release, the words "anticipate," "believe," "estimate," "expect,"
"target," "plan," "forecast," "may," "schedule," and similar words or expressions identify forward-
looking statements or information. These forward-looking statements or information may relate to the
anticipated use of proceeds from the Offering and other factors or information. Such statements
represent the Company's current views with respect to future events and are necessarily based upon a
number of assumptions and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The
Company does not intend and does not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or changes in circumstances or any other
events affecting such statements and information other than as required by applicable laws, rules and
regulations.
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 NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/278970