Azincourt Uranium Inc. (TSXV:AAZ) reported the closing of an initial $130,000 of its previously announced private placement.

As quoted in the press release:

The Company issued an aggregate of 2,167,000 flow-through units (“FT Units”) at $0.06 per FT Unit. Each FT Unit consists of one flow-through common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share on a non-flow-through basis at an exercise price of C$0.10 per share until December 31, 2016.

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