Azincourt Announces $1,500,000 Financing

Azincourt Uranium Inc. (TSXV:AAZ) announced a non-brokered private placement of up to $1,500,000, consisting of up to 5,555,555 units at a price of $0.27 per Unit.

As quoted in the press release:

Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share for a period of one (1) year at a price of C$0.40 per common share, subject to the Company’s right to accelerate the exercise of the Warrants if the volume weighted average price of the common shares of the Company on the TSX Venture Exchange exceeds C$0.60 per common share 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.

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