Azincourt Energy Corp. Announces Private Placement
Azincourt Energy (OTCQB:AZURF) has announced a non-brokered private placement aiming to raise up to C$750,000 through flow-through (FT) and non-flow-through (NFT) units priced at $0.015. Each unit includes one share and one warrant, with warrants exercisable at $0.05 for 36 months.
The proceeds will fund drilling and exploration at the company's Snegamook and Harrier Projects in Newfoundland and Labrador's Central Mineral Belt, and for working capital. The FT shares will qualify as flow-through shares for tax purposes, with exploration expenses to be incurred by December 31, 2026 and renounced to initial purchasers by December 31, 2025.
Azincourt Energy (OTCQB:AZURF) ha annunciato un collocamento privato senza intermediari con l'obiettivo di raccogliere fino a 750.000 C$ tramite unità flow-through (FT) e non flow-through (NFT) al prezzo di 0,015$. Ogni unità comprende una azione e un warrant, con warrant esercitabili a 0,05$ per 36 mesi.
I proventi serviranno a finanziare la perforazione e l'esplorazione nei progetti Snegamook e Harrier nella Central Mineral Belt di Newfoundland e Labrador, oltre che per il capitale operativo. Le azioni FT saranno considerate azioni flow-through ai fini fiscali, con spese di esplorazione da sostenere entro il 31 dicembre 2026 e da cedere ai sottoscrittori iniziali entro il 31 dicembre 2025.
Azincourt Energy (OTCQB:AZURF) ha anunciado una colocación privada sin intermediarios con el objetivo de recaudar hasta 750.000 C$ mediante unidades flow-through (FT) y no flow-through (NFT) a un precio de 0,015$. Cada unidad incluye una acción y una garantía, con garantías ejercitables a 0,05$ durante 36 meses.
Los fondos se destinarán a financiar perforaciones y exploración en los proyectos Snegamook y Harrier en la Central Mineral Belt de Newfoundland y Labrador, así como para capital de trabajo. Las acciones FT calificarán como acciones flow-through para efectos fiscales, con gastos de exploración que deberán incurrirse antes del 31 de diciembre de 2026 y renunciarse a los compradores iniciales antes del 31 de diciembre de 2025.
Azincourt Energy (OTCQB:AZURF)는 중개인 없이 최대 750,000 캐나다 달러를 모금하기 위한 flow-through(FT) 및 non-flow-through(NFT) 단위로 구성된 사모 배정을 발표했으며, 단위당 가격은 0.015달러입니다. 각 단위는 한 주와 한 개의 워런트를 포함하며, 워런트는 36개월 동안 0.05달러에 행사할 수 있습니다.
수익금은 뉴펀들랜드 및 래브라도의 중앙 광물 지대에 위치한 회사의 Snegamook 및 Harrier 프로젝트의 시추 및 탐사에 사용되며, 운영 자본에도 활용됩니다. FT 주식은 세금 목적상 flow-through 주식으로 인정되며, 탐사 비용은 2026년 12월 31일까지 발생해야 하며, 2025년 12월 31일까지 최초 구매자에게 권리가 이전됩니다.
Azincourt Energy (OTCQB:AZURF) a annoncé un placement privé sans intermédiaire visant à lever jusqu'à 750 000 C$ par le biais d'unités flow-through (FT) et non flow-through (NFT) au prix de 0,015$. Chaque unité comprend une action et un warrant, les warrants étant exerçables à 0,05$ pendant 36 mois.
Les fonds serviront à financer le forage et l'exploration des projets Snegamook et Harrier de la société dans la Central Mineral Belt de Terre-Neuve-et-Labrador, ainsi qu'au fonds de roulement. Les actions FT seront considérées comme des actions flow-through à des fins fiscales, les dépenses d'exploration devant être engagées avant le 31 décembre 2026 et renoncées aux acheteurs initiaux avant le 31 décembre 2025.
Azincourt Energy (OTCQB:AZURF) hat eine nicht vermittelte Privatplatzierung angekündigt, mit dem Ziel, bis zu 750.000 C$ durch Flow-Through (FT) und Non-Flow-Through (NFT) Einheiten zum Preis von 0,015$ pro Einheit zu beschaffen. Jede Einheit umfasst eine Aktie und einen Warrant, wobei die Warrants für 36 Monate zu 0,05$ ausgeübt werden können.
Die Erlöse werden für Bohrungen und Exploration bei den Snegamook- und Harrier-Projekten des Unternehmens im Central Mineral Belt von Newfoundland und Labrador sowie für das Betriebskapital verwendet. Die FT-Aktien qualifizieren sich steuerlich als Flow-Through-Aktien, wobei die Explorationskosten bis zum 31. Dezember 2026 anfallen müssen und bis zum 31. Dezember 2025 an die Erstkäufer abgetreten werden.
- None.
- Potential dilution for existing shareholders
- Low unit price of $0.015 indicates possible financial pressure
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) (FSE: A0U), is pleased to announce a non-brokered private placement to raise gross proceeds of up to C
Each FT Unit will be comprised of one flow-through common share (a "FT Share") and one common share purchase warrant (a "Warrant") and each NFT Unit will be comprised of one common share (a "Share") and one Warrant. Each Warrant will be exercisable at a price of
The gross proceeds of the Offering will be applied to the drilling, exploration and development of the Company's Snegamook and Harrier Projects located within the Central Mineral Belt of Newfoundland and Labrador, Canada and for general working capital. Proceeds of the Offering will not be used for payments to non-arms length parties of the Company nor for any payment relating to persons conducting investor relations activities.
The Company may pay finders' fees under the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange.
The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) "Canadian exploration expenses" (as defined in the Tax Act), and (ii) as "flow-through critical mineral mining expenditures" (as defined in subsection 127(9) of the Tax Act) (collectively, the "Qualifying Expenditures"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Azincourt Energy Corp.
Azincourt 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 East Preston uranium project located in the Athabasca Basin, Saskatchewan, and at its Snegamook and Harrier uranium projects, both located in the Central Mining Belt of Labrador.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
"Alex Klenman"
Alex Klenman, President & CEO
For further information please contact:
Alex Klenman, President & CEO
info@azincourtenergy.com
Azincourt Energy Corp.
1012 - 1030 West Georgia Street
Vancouver, BC V6E 2Y3
www.azincourtenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements relating to the use of proceeds and completion of the Offering.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended September 30, 2023, dated January 24, 2024, and also include the risks that the Offering does not complete as contemplated, or at all; that the Company does not complete any further offerings; that the Company does not carry out exploration activities in respect of its mineral project as planned (or at all); and that the Company may not be able to carry out its business plans as expected.
Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of minerals; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.
The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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 NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257050
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