AurCrest Gold Announces Extension of Non-brokered Offering
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold Announces Extension of Non-brokered Offering
NEWS RELEASE FOR IMMEDIATE RELEASE
JUNE 26, 2018 TSXV Symbol: AGO
Toronto, Ontario June 2 6, 201 8 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V:
AGO) (FRANKFURT: TM8A, WKN: A0YG1K) wishes to announce that it is extending the offering,
announced on May 11, 2018, of a non-brokered private placement of up to a further 8,450,000
working capital units (the “ WC Unit s”) for up to $ 422,500 (the “ WC Offering ”) for a further
thirty (30) days. The Company closed a second tranche o f 200,000 WC Units on May 30, 2018.
The securities issued are subject to a hold period expiring on October 1, 2018.
The Company also wishes to announce that the closing date of its agreement to acquire the 2%
Net Smelter Returns Royalty on the Company’s Richardson Lake Property (the “ 2% NSR ”),
originally announced on May 11, 2018, has been extended to Ju ly 16, 2018 in consideration for
the payment of $10,000 on account of the $50,000 purchase price.
Each WC Unit is priced at $0.05 and consists of one (1) common share and one (1) common
share purchase warrant (“WC Warrant”). Each WC Warrant entitles the holder to purchase one
(1) common share (a “WC Warrant Share ”) at a price of $0. 075 per WC Warrant Share for a
period of until three (3) years following the closing of the WC Offering (the “Closing Date”).
Eligible Finders may receive up to 7% of the value of proceeds of the sale of WC Units in cash
and up to 8 % of the number of WC Units sold in the form of broker warrants (the “WC Broker
Warrants”), with each WC Broker Warrant entitling the holder to acquire one (1) WC Unit at a
price of $0.05 for a period of three (3) years from the Closing Date.
The funds from the WC Offering w ill be used to provide the Company with working capital and
to acquire the 2% NSR.
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
About AurCrest Gold Inc.
AurCrest is a mineral exploration company focused on the acquisition, exploration, and
development of gold properties. AurCrest has a portfolio of properties in Ontario, which include
the Richardson Lake and Bridget Lake gold properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
AurCrest Gold Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
Forward Looking Statement:
Some of the statements contained herein may be forward -looking statements which involve
known and u nknown risks and uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and future plans and objectives of
the Company are forward looking statements that involve various risks. The following are
important factors that could cause the Company’s actual results to differ materially from those
expressed or implied by such forward looking statements: changes in the world wide price of
mineral commodities, general market conditions, risks inherent i n mineral exploration, risks
associated with development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. There can be no assurance that
forward-looking statements will prove to be accurate as actual results and future events may
differ materially from those anticipated in such statements. AurCrest undertakes no obligation
to update such forward -looking statements if circumstances or management’s estimates or
opinions should c hange. The reader is cautioned not to place undue reliance on such forward -
looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.