Company offers 10 million common shares at C$0.15 per share in deal
By Devika Patel
Knoxville, Tenn., June 19 - Azincourt Resources Inc. said it completed a C$1.5 million private placement of stock.
The company sold 10 million common shares at C$0.15 per share. The price per share is a 51.61% discount to the June 18 closing share price of C$0.31.
Proceeds will be used for the company's first year work expenditures on its PLN project.
The uranium explorer is based in Vancouver, B.C.
| Issuer: | Azincourt Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.5 million
|
| Shares: | 10 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Settlement date: | June 19
|
| Stock symbol: | TSX Venture: AAZ
|
| Stock price: | C$0.31 at close June 18
|
| Market capitalization: | C$4.4 million
|
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