March 28 (Reuters) - Azincourt Uranium Inc AAZ.V :
* Azincourt Uranium announces option agreement to acquire a 70% interest in the east preston uranium project in the athabasca basin
* Azincourt Uranium Inc - azincourt may acquire a 70% interest eastern portion of preston project consisting of approximately 25,329 contiguous hectares
* Azincourt Uranium-to acquire 70% interest in east preston project by incurring c$2.5 million of staged expenditures, paying c$1 million in staged cash payments Source text for Eikon: ID:nCCN8jbD2n Further company coverage: AAZ.V