pcNewsWire – AurCrest Gold Inc. (TSX-V: AGO) has closed a third tranche of its brokered private placement with the sale of 300,000 working capital units at a price of $0.05 per unit for gross proceeds of $15,000.
AurCrest Gold is extending the closing of the remainder of the offering of up to 3,200,000 WC units until the earlier of the sale of the remainder of the WC units and July 28, 2017.
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 price 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 securities 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 3,200,000 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.
President and C.E.O
Director of Business Development