On October 12, 2021, Azincourt Energy Corp. closed the transaction. The company amended the terms of the transaction. The company raised CAD 8,100,000 The company issued 17,071,428 non-flow-through units at a price of CAD 0.07 per unit for gross proceeds of CAD 1,194,999.96 and 6,666,667 flow-through units at a price of CAD 0.075 for gross proceeds of CAD 500,000. Each NFT Unit and FT Unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of CAD 0.10 until October 12, 2024. The company issued 77,877,416 NFT units, 17,600,126 FT units and 14,285,714 charity flow-through units. Closing of the final tranche of the placement represents an increase of 6,666,667 FT units, for gross proceeds of an additional CAD 500,000. All securities issuable in connection with the placement are subject to a statutory hold period, in accordance with applicable securities laws, until January 30, 2022, in the case of the first tranche of the placement, and February 13, 2022, in the case of the final tranche. In connection with closing of the final tranche of the placement, the company paid finders’ fees totaling $135,600 and issued a total of 1,899,047 finders’ warrants. Each finders’ warrant is exercisable into one common share of the company at a price of CAD 0.07 until October 12, 2024. The transaction included participation by insiders of the company in the aggregate amount of 28,714,285 NFT units and 266,666 FT units. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 42 placees, pro group for 2,796,318 units, and insiders such as returning investor MMCAP International Inc, a fund managed by MM Asset Management Inc for 28,571,428 units; Alex Klenman, Chief Executive Officer, President, Secretary and Director of the company, for 266,666 units; Carl Trevor Perkins, Exploration Manager for 142,857 units. The company paid Red Cloud Securities Inc. finder's fees of CAD 627,324.94 in cash and issued 8,492,484 finder's warrants, exercisable into common shares at CAD 0.07 per share for a 36-month period.