AurCrest Gold Launches New Website and Extends Brokered Private Placement Financing
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 Tel: 416-844-9969
AurCrest Gold Launches New Website and Extends Brokered
Private Placement Financing
NEWS RELEASE FOR IMMEDIATE RELEASE
APRIL 28, 2017 TSXV Symbol: AGO
Toronto, Ontario April 28 , 2017 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX -V: AGO) is
pleased to announce that the Company’s new website, found at www.aurcrest.ca, has been launched
and incorporates a new investor presentation outlinin g the Company’s current status , exploration plans
and commitment to First Nation participation and sustainable energy initiatives.
Under the direction of new President & CEO Christopher C. J. Angeconeb, the Company seeks to
consolidate its position in the Birch-Uchi subprovince in the Red Lake Gold District of Northwestern
Ontario, and resume active exploration of previously identified gold discoveries and target anomalies at
the Company’s Richardson Lake and Western Fold gold properties. As previously ann ounced, the
Company has retained IBK Capital Corp . (the “IBK Capital”) for a period of 2 years to act as its Financial
Advisor to, among other things, seek a buyer for the Company’s Richardson Lake property or locate a
suitable party to option or joint venture the property. IBK Capital will be paid a fee of 5% of the value of
any transaction consummated during the term of its engagement.
At this point in time , AurCrest is actively engaged with the First Nations near the Richardson Lake /
Western Fold p roperties for mutual collaboration on the development of regional infrastructure,
economic activity and exploration activities being planned for the Company’s holdings. In 2011 and
2012, AurCrest received financing from the Lac Seul First Nation community.
The Company also wishes to announce that it is extending the closing of its brokered private placement
(the “Offering”), announced on February 27, 2017, for thirty (30) days. The Company is up to 4,000,000
working capital units (the “ WC Units ”) of the C ompany at a price of $0.05 per WC Unit for up to
$200,000 to provide the Company with working capital. The Offering is being led on a best efforts basis
by IBK Capital . The Company announced the closing of the first tranche of 1,000,000 WC Units for
$50,000 on March 3, 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.
The Company has agreed to pay IBK Capital a commission of 9% cash and issue broker warrants (“Broker
Warrants”) equal to 10% of the number of WC Units sold under the Offering. Each Broker Warrant
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entitles the holder to acquire a WC Unit for five (5) years from Closing at a price of $0.05 per Broker
Warrant.
All securities to be issued pursuant to the above -referenced private placement will be subject to a
statutory four month hold period.
About IBK Capital Corp.
IBK Capital is an independent and privately owned investment banking firm which offers a full range of
financial advisory services. Such services include private placements of equity and debt, going public by
way of reverse take -over, merger, acquisition and divestiture advisory services, valuations, fairness
opinions and take-over defence planning. The Firm’s corporate objective is to provide the highest quality
independent financial advisory services to its clients.
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 unknown risks and uncertainties. Without
limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Compan y 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 associated with developmen t, 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 n or 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.