Company offers 3,473,366 common shares at C$0.30 per share in deal
By Devika Patel
Knoxville, Tenn., Dec. 18 - Azincourt Uranium Inc. said it plans a C$1.04 million non-brokered private placement of stock.
The company will sell 3,473,366 flow-through common shares at C$0.30 per share. The price per share is an 11.11% premium to the Dec. 17 closing share price of C$0.27.
Proceeds will be used to advance the Patterson Lake North property.
The uranium explorer is based in Vancouver, B.C.
| Issuer: | Azincourt Uranium Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1,042,010
|
| Shares: | 3,473,366
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 18
|
| Stock symbol: | TSX Venture: AAZ
|
| Stock price: | C$0.27 at close Dec. 17
|
| Market capitalization: | C$7.54 million
|
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