Azincourt Energy Corp. Closes Private Placement
Azincourt Energy Corp. Closes Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) -
AZINCOURT ENERGY
CORP.
(TSXV: AAZ)
("Azincourt" or the "Company") is pleased to announce the closing of its non-
brokered private placement previously announced August 4, 2026 consisting of 8,223,000 flow-through
units (the "FT Units") at a price of $0.045 per FT Unit and 3,474,000 non-flow through units (the "NFT
Units") at a price of $0.045 per NFT Unit for gross proceeds of C$526,365 (the "Offering").
Each FT Unit consists of one common share in the capital of the Company issued as a "flow-through
share" within the meaning of the Income Tax Act (Canada) and one-half of one transferable common
share purchase warrant. Each NFT Unit consists of one common share in the capital of the Company
and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the
holder thereof to acquire one additional common share of the Company at an exercise price of $0.07 for
a period of 24 months from the date of issuance.
The gross proceeds from the issuance of the FT Units will be used to incur eligible Canadian exploration
expenses that are intended to qualify as "flow-through mining expenditures" as those terms are defined
in the Income Tax Act (Canada). The proceeds from the issuance of the NFT Units will be used for
general and administrative expenses and general working capital purposes.
Proceeds of the Offering will not be used for payments to non-arm's length parties of the Company nor
for any payment relating to persons conducting investor relations activities.
In connection with the closing of the Offering the Company paid arms-length finders' fees totaling
$26,693.10 and issued a total of 593,180 non-transferable finder's warrants.
Each finder's warrant is
exercisable into one common share of the Company at a price of $0.05 for a period of 24 months from
the date of issuance. All securities issued in connection with the Offering, including any securities issued
or issuable as finder's fees, will be subject to a statutory hold period of four months and one day in
accordance with applicable securities laws. The Offering remains subject to the approval of the TSX
Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
About Azincourt Energy Corp.
Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration
and development of alternative energy and critical mineral projects, including uranium and lithium. The
Company is currently active at its East Preston uranium project located in the Athabasca Basin,
Saskatchewan, and is building a portfolio of uranium exploration opportunities in Labrador's Central
Mineral Belt.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
"Mark Tommasi"
Mark Tommasi, CEO
For further information, please contact:
Mark Tommasi, CEO
Tel: (236)-229-2030
Azincourt Energy Corp.
Suite 1012-1030 West Georgia St.
Vancouver, BC V6E2Y3
www.azincourtenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" or "forward-looking information" (collectively,
"forward-looking statements") within the meaning of applicable securities legislation. All statements,
other than statements of historical fact, are forward-looking statements and are based on expectations,
estimates and projections as of the date of this news release. Forward-looking statements include, but
are not limited to, statements relating to the use of proceeds and completion of the Private Placement.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ from those expressed or implied by
forward-looking statements contained herein. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Certain important factors that could cause actual results, performance or
achievements to differ materially from those in the forward-looking statements are highlighted in the
"Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year
ended September 30, 2025, dated January 28, 2026, and that the Company does not complete any
further offerings; that the Company does not carry out exploration activities in respect of its mineral
project as planned (or at all); and that the Company may not be able to carry out its business plans as
expected.
Forward-looking statements are based upon a number of estimates and assumptions that, while
considered reasonable by the Company at this time, are inherently subject to significant business,
economic and competitive uncertainties and contingencies that may cause the Company's actual
financial results, performance, or achievements to be materially different from those expressed or
implied herein. Some of the material factors or assumptions used to develop forward-looking
statements include, without limitation: the future price of minerals; anticipated costs and the
Company's ability to raise additional capital if and when necessary; volatility in the market price of the
Company's securities; future sales of the Company's securities; the Company's ability to carry on
exploration and development activities; the success of exploration, development and operations
activities; the timing and results of drilling programs; the discovery of mineral resources on the
Company's mineral properties; the costs of operating and exploration expenditures; the presence of
laws and regulations that may impose restrictions on mining; employee relations; relationships with
and claims by local communities and indigenous populations; availability of increasing costs
associated with mining inputs and labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses, permits and approvals from
government authorities); uncertainties related to title to mineral properties; assessments by taxation
authorities; fluctuations in general macroeconomic conditions.
The forward-looking statements contained in this news release are expressly qualified by this
cautionary statement. Any forward-looking statements and the assumptions made with respect thereto
are made as of the date of this news release and, accordingly, are subject to change after such date.
The Company disclaims any obligation to update any forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be required by applicable securities
laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements.
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
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https://www.newsfilecorp.com/release/309743