Azincourt Energy Closes Final Tranche of Private Placement For Total Proceeds of $8.1M

Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2) is pleased to announce that it has closed the final tranche of its non-brokered private placement.  In connection with closing of the final tranche, the Company has issued 17,071,428 non-flow-through units (each, an “NFT Unit”) and 6,666,667 flow-through units (each, an “FT Unit”).  Each NFT Unit was offered at a price of $0.07 and each FT Unit was offered at a price of $0.075.  Each NFT Unit and FT Unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.10 until October 12, 2024.

Read more at globenewswire.com