Azincourt Energy Signs Letter of Intent to Acquire Ontario Cobalt Project
AZINCOURT ENERGY SIGNS LETTER OF INTENT
TO ACQUIRE ONTARIO COBALT PROJECT
Vancouver B.C., February 8, 2018 - AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”; TSX.V: AAZ) is pleased to announce it has signed a non-binding letter of intent
(“LOI”) with BullRun Capital Inc., to acquire the B ullRun Erythrite Project, a prospective Cobalt
property located six kilometres northwest of the town of Cobalt, Ontario.
The BullRun Erythrite Project covers approximately 652 acres adjacent to Cruz Cobalt’s Bucke
Cobalt Project and Brixton Metals’ Silver-Cobalt Project.
Figure 1 – Claim Map
BullRun Claims
“We’ve been looking into adding a potential cobalt property as we grow our project portfolio, so
we’re pleased to move to LOI on this,” said Alex Kl enman, president and CEO. “We are going to
immediately begin a comprehensive due diligence pro cess to gain as much understanding as we can
on the potential of the project, and we hope to pro gress to the definitive stage in due course. In
addition, we are actively reviewing other potential projects that will continue to strengthen the
Company in the growing clean energy space. We haven’t filled our want list yet, so we remain very
active on the acquisition front,” continued Mr. Kle nman.
In consideration for the acquisition of the project from Bullrun Capital, the Company has agreed to
issue 1,000,000 common shares.
Completion of the transaction with BullRun Capital is subject to a number of conditions, including,
but not limited to, completion of due diligence, negotiation of definitive documentation in respect of
the transaction, and the receipt of any required re gulatory approvals, including the approval of the
TSX Venture Exchange. The transaction cannot be co mpleted until these conditions are satisfied.
Any securities issued in connection with the transa ction will be subject to a four-month-and-one-
day statutory hold period from the time of issuance.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource compa ny specializing in the strategic acquisition,
exploration and development of alternative energy/f uel 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 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.
430 – 800 West Pender Street
Vancouver, BC
V6C 2V6
www.azincourtenergy.com