Azincourt Energy Announces Increase IN Non-Brokered Financing
AZINCOURT ENERGY ANNOUNCES INCREASE IN NON-BROKERED
FINANCING
Vancouver B.C., January 31, 2023 - AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”)
(TSX.V: AAZ, OTC: AZURF ), is pleased to announce that it has increased the previously announced non-
brokered private placement from $500,000 to $575,000.
The Company now proposes to issue up to 9,583,334 units (each, a “Unit”) at a price of $0.06 per Unit for gross
proceeds of up to $575,000. Each Unit will be comprised 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 will entitle
the holder thereof to purchase one additional Share at a price of $0. 10 per Share for a period of two years from
closing of the Offering.
The Offering is scheduled to close on or about February 10 , 2023, or such later date as the Company may
determine, and is subject to certain conditions including, but not limited to, the receipt of the approval of the TSX
Venture Exchange. No finders’ fees or commissions are payable in connection with the Offering.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-
106 Prospectus Exemptions (“NI 45-106”), the Offering is being made to purchasers resident in Canada, except
Quebec, pursuant to the listed issuer f inancing exemption under Part 5A of NI - 45-106 (the “ Listed Issuer
Financing Exemption”). The securities offered under the Listed Issuer Financing Exemption will not be subject
to a hold period in accordance with applicable Canadian securities laws. There is an amended offering document
related to the Offering that can be accessed under the Company’s profile at www.sedar.com and on the Company’s
website at: www.azincourtenergy.com. Prospective investors should read this offering document before making
an investment decision.
The proceeds of the Offering will be used by the Company to advance its primary business objective of continuing
exploration and development of the East Preston Project and for general working capital purposes.
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, and the Escalera 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
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
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 histo rical 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 o f 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 materia lly 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, w hile
considered reasonable by the re spective 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 inc lude,
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.