Aurvista Gold to Increase Financing up to a Maximum of $10 Million
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Aurvista Gold to Increase Financing up to a Maximum of $10 Million
Montreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “ Company”) ( TSX-V: AVA,
OTCQB: ARVSF; Frankfurt: AV2) is pleased to announce that in response to strong investor
demand the Company plans to increase the previously announced (see press release dated June 2,
2017) private placement financing from C$7,000,000 up to C$10,000,000 subject to regulatory
approval. The Company w ill increase the charitable flow -through (“CFT Units”) portion of the
financing from C$5,000,000 up to C$6,000,000 and the hard dollar (“HD Units”) portion from
C$2,000,000 up to $4,000,000. The CFT Units are priced at C$ 0.41 per CFT Unit, and the HD Unit s
are priced at $0.25 per HD Unit. If the Company raises the full $10,000,000 as contemplated above,
30,634,146 Units would be issued.
As previously announced, e ach CFT Unit and each HD Unit will consist of one common share and
one full warrant. Each warr ant will entitle the holder to purchase one additional common share of
the Company at an exercise price of C$0.40 per share for a period of 5 years from the date of issue
which is expected to be June 22, 2017. It is the company's intention to list the warr ants for trading
once the hold period concludes, subject to TSX Venture Exchange approval.
Aurvista is also pleased to announce that all the Warrants issued in May 2016 Unit offering have
been exercised for aggregate proceeds of C$1,600,000.
Douay Gold Project and Company Profile:
Aurvista Gold Corporation is a well -funded gold exploration and development company focused on
advancing one of the largest undeveloped gold projects in Quebec. The Company’s district-scale 305
km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone
within the prolific Abitibi Greenstone Belt in northern Quebec. The Project hosts a multi -million
ounce gold deposit that remains open in several directions, with excellent infrastructure and
several large scale operating mines within 150 km. The Douay Gold Project’s high -grade zones are
still intact (never been mined), the Project is virtually royalty free, and the Company has aggressive
property-wide exploration and drilling plans to continue maki ng new discoveries and building
high-quality ounces in one of the best mining jurisdictions in the world. The Company has
148,901,764 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt
Stock Exchange in Germany and the OTCQB in the US. For more information, please visit the
Company’s website at www.aurvistagold.com.
For Further Information Please Contact:
Mr. Joness Lang
Office: +1 416.682.2674
Email: [email protected]
NEWS RELEASE
For Immediate Issue
June 14, 2017
NEITHER THE 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 PRESS RELEASE.
Forward Looking Statements
This news release may contain forward -looking statements based on assumptions, uncertainties and management’s best
estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections.
Investors are cautioned that forward -looking statements involve risks and uncertainties. Accordingly, readers should not place
undue reliance on forward -looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar
expressions are intended to identify forward -looking statements. For a more detailed discussion of such risks and other factors
that could cause actual results to differ materially from those expressed or implied by such forward -looking statements, refer to
Aurvista Gold Corpora tion’s filings with Canadian securities regulators available on www.sedar.com or the Company’s
website at www.aurvistagold.com.