Azincourt Energy Corp. announced a non-brokered private placement of 63,762,500 flow-through units at a price of CAD 0.08 per unit for gross proceeds of CAD 5,101,000 on March 31, 2022. The transaction included participation from certain institutional investors. Each flow-through unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share at a price of CAD 0.10 until March 31, 2024. All securities issuable in connection with the transaction are subject to a statutory hold period, in accordance with applicable securities laws, until August 1, 2022. The company paid finders' fees totaling CAD 320,000 and issued 1,025,000 finder's shares and 5,025,000 finders' warrants. Each finders' warrant is exercisable into one common share of the Company at a price of CAD 0.10 until March 31, 2024.

On April 8, 2022, TSX Venture Exchange has accepted for filing documentation of the company.