VANCOUVER, British Columbia, Jan. 06, 2021 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce that it will offer up to 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 up to $1,500,000. Each “FT Unit” will be comprised of one common share, and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.07 for a period of sixty months. In connection with the placement, the Company anticipates a single institutional investor will acquire up to 28,000,000 FT Units.
Azincourt Energy Announces Flow-Through Offering
Jan 07, 2021
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