Encore Energy Announces Proposed Share Issuance FOR Financial Advisory Services
ENCORE ENERGY ANNOUNCES PROPOSED
SHARE ISSUANCE FOR FINANCIAL
ADVISORY SERVICES
CORPUS CHRISTI, Texas
,
Jan. 12, 2022
/CNW/ - enCore Energy Corp. ("
enCore
" or the
"
Company
") (TSXV: EU) (OTCQB: ENCUF) announces that it proposes to issue up to 580,043
common shares in the capital of the Company to Haywood Securities Inc. ("
Haywood
") pursuant to
a financial advisory agreement (the "
Agreement
") between Haywood and Azarga Uranium Corp.
("
Azarga
"). Azarga had engaged Haywood to provide financial advisory services in connection with
the business combination between Azarga and the Company that closed on
December 31, 2021
.
Haywood will be issued shares for a portion of their fee for the advisory services.
The issuance of the shares is subject to the approval of the TSX Venture Exchange.
About enCore Energy Corp.
enCore Energy, the most diversified U.S. domestic uranium developer is focused on becoming a
leading ISR uranium producer. The enCore team is led by industry experts with extensive knowledge
and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore's initial
opportunities are created from enCore's licensed and past-producing
South Texas
-located Rosita
and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in
South Texas
plus the changing global uranium supply/demand outlook and opportunities for industry
consolidation. The advanced staged
Dewey Burdock
project in
South Dakota
and the Gas Hills
project in
Wyoming
add to the large uranium resource endowments in
New Mexico
creating an
outstanding asset base for long term growth and development opportunities with approximately 90
million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of
U3O8 estimated in the inferred category
1
.
Dr.
Douglas H. Underhill
, CPG, the Company's Chief Geologist and a Qualified Person under NI 43-
101, has approved the technical disclosure in this news release.
1
Mineral resource estimates are based on technical reports prepared pursuant to NI 43-101 and available on SEDAR as well as company websites at
www.encoreuranium.com
and
www.azargauranium.com
.
Cautionary Statements
The distribution of the common shares in connection with the Agreement described herein will not be
registered under the U.S. Securities Act and the common shares may not be offered or sold in
the
United States
absent registration or an applicable exemption from the registration requirements of
the U.S. Securities Act and applicable state securities laws.
Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE
enCore Energy Corp.
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http://www.newswire.ca/en/releases/archive/January2022/12/c9673.html
%SEDAR: 00029787E
For further information:
enCore Energy Corp, William M. Sheriff, Executive Chairman, 972-333-
2214, [email protected], www.encoreuranium.com
CO: enCore Energy Corp.
CNW 15:55e 12-JAN-22