Azincourt Completes Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2015) -
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
AZINCOURT URANIUM INC. ("Azincourt" or "the Company") (TSX VENTURE:AAZ) is pleased to announce that it has completed a non-brokered private placement of 3,550,000 common shares ("Shares") of the Company at a price of $0.05 per Share for gross proceeds of $177,500 (the "Offering").
The proceeds of the Offering will be used for exploration and for general working capital purposes. All Shares issued under the Offering are subject to a four-month hold period in accordance with applicable Canadian securities laws that expires on March 6, 2015.
The company will continue to focus on its Patterson Lake North property (PLN) which lies adjacent and to the north of the Patterson Lake South property, owned by Fission Uranium Corp., which is the largest undeveloped high-grade deposit in the Athabasca Basin Region. PLN comprises approximately 27,408 ha and is located approximately 30 km immediately south of the UEX/AREVA Anne and Collette uranium deposits near Shea Creek. The Company presently owns a 10% interest in the PLN property.
There were no finder's fees paid under the Offering.
Closing of this Offering has received final acceptance by the TSX Venture Exchange.
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 Vancouver, British Columbia and Saskatoon, Saskatchewan. Its common shares are listed on the TSX Venture Exchange under the symbol "AAZ".
ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.
Paul Reynolds, CEO, Director
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.
Contact
Azincourt Uranium Inc.
Ian Stalker
604 638 8063
info@azincourturanium.com
www.azincourturanium.com
