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Azincourt Uranium (TSXV: AAZ) completed its non-brokered private placement of $1,465,317.81 consisting of 5,427,103 units of the Company at a price of $0.27 per unit.
As quoted in the press release:
Each unit consists of one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one additional common share at a price of C$0.40 per common share until December 19, 2014 (the “Expiry Date”) subject to the Company’s right to accelerate the exercise of the Warrants if the volume weighted average closing price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds C$0.60 for a period of ten (10) consecutive trading days between the date that is between 4 months and 1 day following the issuance of the Warrants and the Expiry Date of the Warrants.
Click here to read the Azincourt Uranium (TSXV:,AAZ) press release
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