Vancouver, BC— November 10, 2016 Azincourt Uranium Inc. (the “Company”) (TSX-V: AAZ) is pleased to announce that it has completed a non-brokered private placement of 4,000,000 Units at a price of $0.05 per Unit for gross proceeds to the Company of $200,000 (the “Offering”).
Each Unit consists of one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share for a period of two (2) years at a price of C$0.05 per common share.
The proceeds of the Offering will be used for general working capital purposes. All Units issued under the Offering are subject to a four month hold period in accordance with applicable Canadian Securities laws that expires on March 11, 2017.
Closing of this Offering has received final acceptance by the TSX Venture Exchange.
About Azincourt Uranium Inc.
Azincourt Uranium Inc. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties, with offices in Vancouver, British Columbia and Saskatoon, Saskatchewan. Its common shares are listed on the TSX Venture Exchange under the symbol “AAZ”.
ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.
“J. Ian Stalker”
J. Ian Stalker, Chairman
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.