Azincourt Energy Corp. announced a non-brokered private placement to issue flow-through units at an issue price of CAD 0.035 per flow-through unit and non-flow through units at an issue price of CAD 0.03 per non-flow through unit for the aggregate gross proceeds of CAD 2,000,000 on December 11, 2023. Each Flow-Through Unit will be comprised of one flow-through common share and one common share purchase warrant and each Non Flow-Through Unit will be comprised of one common share and one common share purchase warrant.

Each Warrant will be exercisable at a price of CAD 0.05 into one common share for a period of 36 months from the date of issue. The Company may pay finders? fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange.