The proceeds of the Offering will be used for exploration and for general working capital purposes. All Shares issued under the Offering are subject to a four-month hold period in accordance with applicable Canadian securities laws that expires on March 6, 2015.
The company will continue to focus on its Patterson Lake North property (PLN) which lies adjacent and to the north of the Patterson Lake South property, owned by Fission Uranium Corp., which is the largest undeveloped high-grade deposit in the Athabasca Basin Region.
PLN comprises approximately 27,408 ha and is located approximately 30 km immediately south of the UEX/AREVA Anne and Collette uranium deposits near Shea Creek. The Company presently owns a 10% interest in the PLN property.
There were no finder’s fees paid under the offering.
Closing of this Offering has received final acceptance by the TSX Venture Exchange.
Azincourt Uranium is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties, with offices in Vancouver, British Columbia and Saskatoon, Saskatchewan.
