Azincourt Energy Corp. Closes Second Tranche of Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Dec. 29, 2023 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ), is pleased to announce it has closed a second tranche of its non-brokered private placement. In connection with closing of the second tranche, the Company has issued 500,000 non-flow-through units (each, an “NFT Unit”) and 5,714,286 flow-through units (each, an “FT Unit”). Each NFT Unit was offered at a price of $0.03 and each FT Unit was offered at a price of $0.035. 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 $0.05 until December 29, 2026.

Read more at globenewswire.com