AurCrest Gold welcomes Mr. Stan Beardy to the Board of Directors and announces non-brokered private placement
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold welcomes Mr. Stan Beardy to the Board of Directors
and announces non-brokered private placement
NEWS RELEASE FOR IMMEDIATE RELEASE
MARCH 27, 2019 TSXV Symbol: AGO
BF Symbol: TM8A
Toronto, Ontario March 27, 2019 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V:
AGO) (FRANKFURT: TM8A, WKN: A0YG1K ) is pleased to announce that Mr. Stan Beardy of
Muskrat Dam First Nation will be joining the Company’s Board of Directors. Mr. Beardy’s appointment
is subject to approval of the TSX Venture Exchange (“TSXV”).
Mr. Beardy has proven his leadership skills in the fields of politics, business, and community
development over a forty-five year period. Serving as Chief of Muskrat Dam First Nation for fifteen
years, as the Grand Chief of the Nishnawbe-Aski Nation for twelve years, and as the Ontario Regional
Chief with the Chiefs of Ontario for three years, Mr. Beardy has developed a keenly refined sense for
politics at the community, regional, and national levels. Mr. Beardy's deep experience in economic and
organizational development regarding health, education, employment, tourism, and indigenous business,
and how they interconnect regionally, nationally and internationally, will be of great value to our team.
The long years of service to his people and their communities has brought with it an understanding of
social development, land use, traditional justice, peace-keeping - particularly as it relates to Federal and
provincial matters - and infrastructure and large-scale economic projects. As a Chief of some 30 years of
experience, Mr. Beardy has access to an extensive professional network, at all levels locally and
nationally, and has promoted Indigenous culture and business globally, ranging from sessions in India to
the United Nations in New York. We thank Mr. Beardy for bringing his business acumen to AurCrest,
and look forward to his assistance in advancing projects in remote regions of Northwestern Ontario, the
traditional territory of the Nishnawbe people, to the Canadian and Global markets.
AurCrest is also pleased to announce the offering of a non -brokered private placement of up to
10,000,000 working capital units (the “WC Units”) for up to $500,000 (the “WC Offering”).
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”).
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
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.
All securities issued under the WC Offering are subject to a statutory four month hold period
and TSXV approval
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 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 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.