AurCrest Gold announces non-brokered private placement and closing of first tranche
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold announces non-brokered private placement and
closing of first tranche
NEWS RELEASE FOR IMMEDIATE RELEASE
SEPTEMBER 17, 2019 TSXV Symbol: AGO
BF Symbol: TM8A
Toronto, Ontario - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V: AGO)
(FRANKFURT: TM8A, WKN: A0YG1K ) is pleased to announce the offering of a non -brokered
private placement of up to 1,000,000 working capital units (the “WC Units”) for up to $50,000
(the “WC Offering”).
Each WC Unit is pr iced 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 $0.05 per WC Warrant Share for a
period of 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 Company has closed the first tranche of the WC Offering with the sale of 500,000 WC Units
for gross proceeds of $25,000. A cash commission of $1,750 and 40,000 WC Broker Warrants
were paid to a finder with respect to the closing of the first tranche. The securities issued are
subject to a hold period expiring on January 18, 2019.
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 future
plans and objectives of the Company are forward looking statements that involve various risks. The following are important
factors that could cau se 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 in
mineral exploration, risks associa ted 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.
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