Azincourt Uranium (TSE:AAZ) has released an update.
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Azincourt Energy Corp. is set to raise C$375,000 through a non-brokered private placement of flow-through units at C$0.035 each, with additional warrants exercisable at C$0.05. The funds will bolster exploration and development activities at the company’s Preston and Big Hill projects, without allocating proceeds to non-arm’s length parties. The offering adheres to Canadian securities laws and includes a four-month holding period.
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