Energy

 Azincourt Energy Corp. (TSXV: AAZ) ("Azincourt" or the "Company") is pleased to announce that it has completed the offering of 30,000,000 flow-through units (each, an "FT Unit") by way of non-brokered private placement at a price of $0.05 per FT Unit for gross proceeds of $1,500,000. Each "FT Unit" is comprised of one common share and one common share purchase warrant (each, a "Warrant") exercisable to acquire an additional common share at a price of $0.07 until January 19, 2026. The placement was fully-subscribed and included participation from a significant institutional investor.

The gross proceeds from the placement will be used to fund Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which shall qualify as "flow-through mining expenditures", for the purposes of the Income Tax Act (Canada). It is anticipated that expenditures will largely be focused on continuation of the Company's ongoing diamond drilling program at the East Preston Uranium Project, located in the western Athabasca basin, Saskatchewan, Canada.

In connection with the placement, the Company issued 2,240,896 common shares and 2,240,896 Warrants to certain arms-length finders who have assisted in introducing subscribers to the Company. All securities issued in connection with the placement are subject to a statutory hold period until May 20, 2021 in accordance with applicable securities laws.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF Azincourt Energy Corp.

"Alex Klenman"
Alex Klenman, President & CEO

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.

This press release includes "forward-looking statements", including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 - 800 West Pender Street
Vancouver, BC V6C 2V6
www.
Azincourtenergy.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72366

News Provided by Newsfile via QuoteMedia

CanAlaska Acquires Large Position NE of Patterson Lake

CanAlaska Acquires Large Position NE of Patterson Lake

Over 60 Kilometres of the Prolific Patterson Lake Corridor

Highly Anomalous Lake Sediment Samples Identified

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
HydroGraph Inc. Nears Commercial Scale Production

HydroGraph Inc. Nears Commercial Scale Production

HydroGraph Clean Power Inc. (HG.CN) (OTCMKTS:HGCPF) (the " Company " or " HydroGraph "), a commercial manufacturer of high-quality nanomaterials and alternative-energy fuels, has announced a time horizon for commercial scale production at its Manhattan, KS manufacturing plant.

The Company has targeted Q3 2022 for commercial scale, leveraging manufacturing technology developed at Kansas State University and kicking off a five-year plant expansion and job creation plan for the Manhattan region.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
ValOre Metals

ValOre Files Technical Report for Pedra Branca

ValOre Metals Corp. ("ValOre"; TSX ‐ V: VO; OTC: KVLQF; Frankfurt: KEQ0, "the Company") today filed a technical report (the "Technical Report") for ValOre's 100%-owned Pedra Branca Platinum Group Elements ("PGE", "2PGE+Au") Project ("Pedra Branca") in northeastern Brazil.

The Technical Report, entitled "Independent Technical Report – Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil" has been prepared in accordance with National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") and can be found at www.sedar.com .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Skyharbour Resources Ltd. Invites You to Join Us at the Vancouver Resource Investment Conference

Skyharbour Resources Ltd. Invites You to Join Us at the Vancouver Resource Investment Conference

Skyharbour Resources Ltd. (TSXV: SYH) would like to cordially invite you to visit us at Booth #604 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday May 17 Wednesday May 18, 2022.

Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. The Vancouver Resource Investment Conference (VRIC) will host over 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics on May 17th and 18th, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ValOre Metals

ValOre Drills Multiple Zones of Near-Surface Radioactivity at Dipole Target, Angilak Property Uranium Project

ValOre Metals Corp. ("ValOre"; TSX ‐ V: VO; OTC: KVLQF; Frankfurt: KEQ0, "the Company") today provided a preliminary update on the Reverse Circulation ("RC") drilling at ValOre's 100% owned 59,483-hectare Angilak Property Uranium Project ("Angilak"), located in Nunavut Territory, Canada. All seven RC holes drilled at the Dipole target have intersected multiple, shallow zones of radioactivity.

"Dipole was first drilled in 2015, where 9 of 9 ValOre diamond drill holes intersected multiple zones of near surface uranium mineralization in rocks analogous to those found in the Lac 50 Trend deposits," stated ValOre's VP of Exploration, Colin Smith. "2022 RC drilling at Dipole confirms that U 3 O 8 mineralization remains open at depth and along strike in both directions coincident to a 3.4-km-long, coincident, VLF-EM conductor and uranium-in-soils anomaly."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Skyharbour's Partner Company Basin Uranium Corp. Announces Completion of Second Drill Hole at Mann Lake Uranium Project, Saskatchewan

Skyharbour's Partner Company Basin Uranium Corp. Announces Completion of Second Drill Hole at Mann Lake Uranium Project, Saskatchewan

Skyharbour Resources Ltd. 's ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company, Basin Uranium Corp. ("Basin Uranium") is pleased to announce it has completed the second diamond drill hole at the Mann Lake uranium project in Saskatchewan's prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.

Mann Lake Uranium Project
https://www.skyharbourltd.com/_resour c es/maps/SKY_MannLake_20211129.jpg

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×