Azincourt Energy Announces Private Placement
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN
THE UNITED STATES
AZINCOURT ENERGY ANNOUNCES PRIVATE PLACEMENT
Vancouver, BC January 11, 2017 - Azincourt Energy Corp. (the “Company” or
“Azincourt”) (TSX-V: AAZ) announces its intention to carry out a non-brokered private
placement of up to 11 million units at a price of C $0.15 per unit for gross proceeds to
the Company of up to C$1,650,000 (the “Offering”).
Each unit will consist of one common share and one common share purchase warrant
(“Warrant”). Each Warrant will entitle the holder t o purchase one additional common
share for a period of 12 months at a price of C$0.22 per common share.
Azincourt will apply the net proceeds of the Offering to advance the company's projects
and for general working capital purposes.
In accordance with applicable Canadian securities legislation, all securities issued under
the Offering will be subject to a four-month-and-one-day hold period from the date of
issuance. The company may pay finders' fees and/or commissions to eligible persons in
connection with the Offering in accordance with the policies of the TSX Venture
Exchange.
Closing of this offering is subject to the receipt of all necessary regulatory approvals
including that of the TSX Venture Exchange.
About Azincourt Energy Corp.
Azincourt Energy Corp. is a Canadian-based resource company specializing in the
strategic acquisition, exploration and development of alternative energy/fuel properties,
including uranium, lithium, cobalt, and other elements.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
Alex Klenman
Alex Klenman, President & CEO
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 o perations that are subject to a
number of assumptions, risks and uncertainties, man y of which are beyond the control
of Azincourt. Investors are cautioned that any suc h statements are not guarantees of
future performance and that actual results or devel opments may differ materially from
those projected in the forward-looking statements. Such forward-looking information
represents management’s best judgment based on info rmation currently available. No
forward-looking statement can be guaranteed and act ual future results may vary
materially.
For further information please contact:
Alex Klenman
Tel: 604-638-8063