AurCrest Gold announces third closing of brokered private placement
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 Tel: (807) 737-5353
AurCrest Gold announces third closing of brokered private
placement
NEWS RELEASE FOR IMMEDIATE RELEASE
JUNE 30, 2017 TSXV Symbol: AGO
Toronto, Ontario June 30, 2017 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V:
AGO) is pleased to announce that, further to its press release of May 26, 2017, the Company
has closed a third tranche of its brokered private placement (the “ Offering”) with the sale of
300,000 working capital units (the “WC Units”) of the Company at a p rice of $0.05 per WC Unit
for gross proceeds of $15,000. A cash commission of $1,350 and 30,000 broker warrants were
paid to the agent with respect to the closing of the third tranche of the Offering. The secur ities
issued are subject to a hold period expiring on October 31, 2017.
The Company also wishes to announce that it is extending the closing of the remainder of the
Offering of up to 3,2 00,000 WC Units until the earlier of the sale of the remainder of the WC
Units and July 28, 2017 . Each WC Unit consists of one (1) common share of the Company
priced at $0.05 per common share and one (1) common share purchase warrant (each a “ WC
Warrant”), with each WC Warrant entitling the holder to acquire one (1) common share until five
(5) years from the closing of the Offering at a price of $0.05.
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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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 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 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 r elease.