Azincourt Energy Announces Private Placement Under the Listed Issuer Financing Exemption (LIFE) and Share Consolidation
Azincourt Energy Announces Private
Placement Under the Listed Issuer Financing
Exemption (LIFE) and Share Consolidation
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) -
AZINCOURT ENERGY
CORP.
(TSXV: AAZ) (OTCQB: AZURF)
("
Azincourt
" or the "
Company
"), is pleased to announce the
Company intends to conduct a non-brokered private placement (the "
Offering
"), under the Listed Issuer
Financing Exemption ("
LIFE
") (as defined below), of a minimum of 15,000,000 units (each, a "
Unit
")
and up to a maximum of 30,000,000 Units at a price of $0.05 per Unit for minimum gross proceeds of
approximately $750,000 and up to a maximum gross proceeds of approximately $1,500,000. Each Unit
will consist of one post-Share Consolidation (as defined below) common share of the Company and one
common share purchase warrant (each, a "
Warrant
"). Each Warrant will entitle the holder to purchase
one post-Share Consolidation common share of the Company at a price of $0.07 at any time on or
before that date which is 36 months after the closing date of the Offering. The Company does not
anticipate that insiders will participate in the Offering. The net proceeds raised from the Offering will be
used for general working capital purposes and for exploration activities at the Company's Harrier Project
in Newfoundland and Labrador.
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 financing exemption under Part 5A of
NI-45-106 (the "
Listed Issuer Financing Exemption
"). The securities offered under the LIFE will not
be subject to a hold period in accordance with applicable Canadian securities laws. The Company will
file an offering document related to the Offering (the "
Offering Document
") that will be accessible under
the Company's profile at
www.sedarplus.ca
and on the Company's website at:
https://www.azincourtenergy.com/
. Prospective investors should read the Offering Document before
making an investment decision. In connection with closing of the Offering, the Company may pay finders'
fees to eligible third-parties who have assisted with introducing subscribers to the Offering. Closing of
the Offering remains subject to the approval of the TSX Venture Exchange and completion of the Share
Consolidation.
In connection with the Offering, the Company also announces that the board of directors has authorized
the Company to complete a consolidation of the Company's common share capital on a one-for-four
basis (the "
Share Consolidation
"). The Company currently has 516,358,032 common shares
outstanding and, following completion of the Share Consolidation but before completion of the Offering, it
is expected to have approximately 129,089,508 shares outstanding. Completion of the Share
Consolidation remains subject to the approval of the TSX Venture Exchange.
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 at its East Preston uranium project located in the
Athabasca Basin, Saskatchewan, and its Snegamook uranium project, located in the Central Mining Belt
of Labrador.
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
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 Share
Consolidation, the filing of the Offering Document, the anticipated participation of management in the
Offering, 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.
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