Azincourt Uranium Announces $2,750,000 Financing

Azincourt Uranium Inc. (TSXV:AAZ) announced a brokered private placement of up to $2,750,000 with a syndicate of agents led by Secutor Capital Management on a best efforts basis. Under the terms of the Offering, Azincourt will issue up to 5,833,333 flow-through shares at a price of C$0.30 per flow-through share ($1,750,000) and up to 3,703,703 units at a price of C$0.27 per unit ($1,000,000).

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 eighteen (18) months at a price of C$0.40 per common share.

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