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Provider: Reuters Investment Profile

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Azincourt Uranium Inc to undertake $1,500,000 private placement

Tuesday, 3 Dec 2013 08:00am EST 

Azincourt Uranium Inc:Intends to undertake a non-brokered private placement to raise aggregate gross proceeds of up to $1,500,000.Says financing will be effected through the sale of up to 5,555,555 units at a price of $0.27 per Unit.Says each unit will consist of one common share and one-half of one common share purchase warrant.Says each whole warrant will entitle the holder to purchase one additional common share for a period of one year at a price of C$0.40 per common share.Says net proceeds of the private placement will be used to advance the Company's projects in Canada and Peru, subject to the closing of the acquisition of Minergia SAC, and for general working capital purposes. 

Company Quote

0.0050 +14.29%
9:46am EST