Azincourt Uranium Completes Non-Brokered Private Placement
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourturanium.com
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Azincourt Uranium Completes Non-Brokered Private Placement
Saskatoon, SK, February 24, 2017 - AZINCOURT URANIU M INC. (“ Azincourt ” or “ the
Company ”; TSXV: AAZ ) is pleased to announce that it has completed a no n-brokered private
placement of 10,198,495 non flow-through units at a price of C$0.075 per unit and 2,600,000 flow
through units at C$0.10 per unit for gross proceeds of C$1,024,887 (the “Offering”).
Each flow through and non-flow-through unit consist s of one common share and one-half of one
common share purchase warrant (“ Warrant ”). Each whole Warrant entitles the holder to purch ase
one additional common share until February 24, 2018 at a price of C$0.12 per common share.
Azincourt will apply the net proceeds of the Offeri ng to advance the Company’s Patterson Lake
North property (“ PLN ”) and for general working capital purposes. PLN li es adjacent and to the
north of the Patterson Lake South property, owned b y Fission Uranium Corp. In addition, the
Company is currently reviewing opportunities to acq uire interests in other uranium projects in the
Athabasca Basin, Saskatchewan.
PLN is prospective for hosting structurally control led high-grade uranium mineralization that is
often associated with basement graphitic shear zone s within clay-altered metasedimentary
basement lithologies. These features have unique ch aracteristics that can be identified by various
geophysical surveys. Results from the drill program completed in July 2014 were extre mely
encouraging with prospective basement lithologies, structure, alteration, anomalous radioactivity
and weak uranium mineralization intersected.
All securities issued or issuable under the Offerin g are subject to a four-month hold period expiring
on June 25, 2017 in addition to such other restrict ions as may apply under applicable securities
laws in jurisdictions outside of Canada.
In connection with the Offering, the Company paid c ash commissions to eligible finders, totalling
C$44,501.
Closing of this Offering is subject to final acceptance by the TSX Venture Exchange.
The technical portion of this release has been revi ewed and approved by Ted O’Conner, a
qualified person under National Instrument 43-101.
About Azincourt Uranium Inc.
Azincourt Uranium Inc. is a Canadian based resource company specializing in the strategic
acquisition, exploration and development of uranium properties, with offices in in Vancouver,
British Columbia and Saskatoon, Saskatchewan. The Company’s Patterson Lake North Property
lies adjacent and to the north of the Patterson Lak e South property, owned by Fission Uranium
Corp. The company owns a 10% working interest in P LN and Fission 3.0 owns a 90% interest. In
addition the Company is currently evaluating additi onal uranium properties to acquire or joint
venture.
ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.
“Paul Reynolds”
Paul Reynolds, Chief executive Officer
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” that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any su ch statements are
not guarantees of future performance and that actua l results or developments may differ materially fro m those projected
in the forward-looking statements. Specifically, t here is no assurance the Company will be able to co mplete the private
placement on the terms set forth above, or at all.
The securities referred to in this news release hav e not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration o r an applicable exemption from the U.S. registratio n requirements. This
news release does not constitute an offer for sale of securities for sale, nor a solicitation for offe rs to buy any securities.
Any public offering of securities in the United Sta tes must be made by means of a prospectus containin g detailed
information about the company and management, as well as financial statements.
For further information please contact:
Paul Reynolds
Tel: 604-638-8063