Azincourt Closes Private Placement at C$1,650,000

Azincourt Uranium Inc. (TSXV:AAZ) previously announced a private placement on March 13, 2014 and has now reported the closing of this placement, raising an aggregate of $1,664,990.

As quoted in the press release:

The Company issued an aggregate of 4,302,970 flow-through common shares at $0.30 per share and 1,385,555 non-flow-through units (“Units”) at $0.27 per Unit. Each Unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share on a non-flow-through basis at an exercise price of C$0.40 per share until October 1, 2015.

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