Azincourt Energy Closes Fully-Subscribed Flow-Through Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
AZINCOURT ENERGY CLOSES FULLY-SUBSCRIBED
FLOW-THROUGH OFFERING
Vancouver B.C., January 19, 2021 - AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”) (TSX.V: AAZ) , is pleased to announce that it has completed the offering of
30,000,000 flow-through units (each, an “ FT Unit ”) by way of non-brokered private placement at a
price of $0.05 per FT Unit for gross proceeds of $1 ,500,000. Each “FT Unit” is comprised of one
common share, and one common share purchase warrant (each, a “ Warrant ”) exercisable to
acquire an additional common share at a price of $0 .07 until January 19, 2026. The placement was
fully-subscribed and included participation from a significant institutional investor.
The gross proceeds from the placement will be used to fund Canadian Exploration Expenses (within
the meaning of the Income Tax Act (Canada)) which s hall qualify as “flow-through mining
expenditures”, for the purposes of the Income Tax A ct (Canada). It is anticipated that expenditures
will largely be focused on continuation of the Comp any’s ongoing diamond drilling program at the
East Preston Uranium Project, located in the western Athabasca basin, Saskatchewan, Canada.
In connection with the placement, the Company issue d 2,240,896 common shares and 2,240,896
Warrants to certain arms-length finders who have as sisted in introducing subscribers to the
Company. All securities issued in connection with the placement are subject to a statutory hold
period until May 20, 2021 in accordance with applicable securities laws.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource compa ny 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, Sas katchewan, 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
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts r esponsibility 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 t hat are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the con trol of Azincourt. Investors are cautioned that
any such statements are not guarantees of future pe rformance and that actual results or
developments may differ materially from those proje cted in the forward-looking statements. Such
forward-looking information represents management’s best judgment based on information
currently available. No forward-looking statement can be guaranteed, and actual future results may
vary materially.
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