Azincourt Energy announces private placement

June 27, 2025 05:24 AM PDT | By EODHD
 Azincourt Energy announces private placement
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* Azincourt Energy (OTCQB:AZURF [https://seekingalpha.com/symbol/AZURF]) on Friday announced a non-brokered private placement to raise gross proceeds of up to C$750,000 consisting of flow-through units and non-flow through units offered at a price of $0.015. * Each FT unit will comprise one flow-through common share and one common share purchase warrant, and each NFT unit will comprise one common share and one warrant. * Each warrant will be exercisable at a price of $0.05 into one common share for a period of 36 months from the date of issue. * The gross proceeds will be applied to the drilling, exploration and development of the company's Snegamook and Harrier Projects located within the Central Mineral Belt of Newfoundland and Labrador, Canada and for general working capital. * Source: Press Release [https://seekingalpha.com/pr/20150410-azincourt-energy-corp-announces-private-placement] MORE ON AZINCOURT ENERGY CORP.

* Financial information for Azincourt Energy Corp. [https://seekingalpha.com/symbol/AAZ:CA/income-statement]

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