Azincourt Uranium (TSE:AAZ) has released an update.
Azincourt Energy Corp. has successfully closed the first portion of its non-brokered private placement, raising $375,002.50 through the sale of flow-through units, and plans to increase the total financing to $500,000. The proceeds will be invested in the exploration and development of the company’s East Preston and Big Hill lithium projects, with a focus on meeting Canadian exploration expense requirements for the benefit of investors. The private placement includes warrants exercisable over a three-year period, and finder’s fees have been paid in association with the fundraising effort.
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