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Azincourt Energy Announces Private Placement Under the Listed Issuer Financing Exemption (LIFE) and Share Consolidation
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U...
About this update from Azincourt Energy Corp
[{"type":"text","content":"Azincourt Energy Announces Private Placement Under the Listed Issuer Financing Exemption (LIFE) and Share ConsolidationTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) (\"Azincourt\" or the \"Company\"), is pleased to announce the Company intends to conduct a non-brokered private placement (the \"Offering\"), under the Listed Issuer Financing Exemption (\"LIFE\") (as defined below), of a minimum of 15,000,000 units (each, a \"Unit\") and up to a maximum of 30,000,000 Units at a price of $0.05 per Unit for minimum gross proceeds of approximately $750,000 and up to a maximum gross proceeds of approximately $1,500,000. Each Unit will consist of one post-Share Consolidation (as defined below) common share of the Company and one common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder to purchase one post-Share Consolidation common share of the Company at a price of $0.07 at any time on or before that date which is 36 months after the closing date of the Offering. The Company does not anticipate that insiders will participate in the Offering. The net proceeds raised from the Offering will be used for general working capital purposes and for exploration activities at the Company's Harrier Project in Newfoundland and Labrador.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI-45-106 (the \"Listed Issuer Financing Exemption\"). The securities offered under the LIFE will not be subject to a hold period in accordance with applicable Canadian securities laws. The Company will file an offering document related to the Offering (the \"Offering Document\") that will be accessible under the Company's profile at www.sedarplus.ca and on the Company's website at: https://www.azincourtenergy.com/. Prospective investors should read the Offering Document before making an investment decision. In connection with closing of the Offering, the Company may pay finders' fees to eligible third-parti...