AurCrest Gold Announces First Closing of Non-brokered Offering
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold Announces First Closing of Non-brokered Offering
NEWS RELEASE FOR IMMEDIATE RELEASE
MAY 29, 2018 TSXV Symbol: AGO
Toronto, Ontario May 29, 201 8 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V: AGO)
(FRANKFURT: TM8A, WKN: A0YG1K ) is pleased to announce that, further to its Press Release dated
May 11, 2018, it has closed the first tranche of its non -brokered offering (the “WC Offering”)
with the issuance of 1, 350,000 working capital units (the “ WC Units”) at a price of $0.05 per
WC Unit for proceeds of $67,500. A further 56,000 WC Units were issued to a finder in lieu of a
cash fee of $2800 . The sec urities issued are subject to hold period s expiring on or after
September 26, 2018.
The Company 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”) has been
extended to June 7, 2018.
The Company is pleased to announce that it received approval of its Richardson Lake 2018 -19
Project exploration plan (PL -18-10898) from Ontario’s Ministry of Northern Development and
Mines, for 6,000 m of drilling and 15,000 m of line-cutting and ground-based IP survey.
The Company will leave the remainder of the WC Offering of up to 8, 650,000 WC Units open
until at least June 7, 2018.
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]
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
Forward Looking Statement:
Some of the statements contained herein may be forward -looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and fut ure
plans and objectives of the Company are forward looking statements that involve various ri sks. 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 conditio ns, risks inherent in
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 change. 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.