pcNewsWire – AurCrest Gold Inc. (TSX-V: AGO) has closed a second tranche of its brokered private placement of 500,000 working capital units at $0.05 per unit for a gross proceeds of $25,000.
AurCrest Gold announces second closing of brokered private placement
NEWS RELEASE FOR IMMEDIATE RELEASE
MAY 26, 2017 TSXV Symbol: AGO
Toronto, Ontario May 26, 2017 – AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V: AGO) is pleased to announce that, further to its press release of March 3, 2017, the Company has closed a second tranche of its brokered private placement (the “Offering”) with the sale of 500,000 working capital units (the “WC Units”) of the Company at a price of $0.05 per WC Unit for a gross proceeds of $25,000. A cash commission of $2,250 and 50,000 broker warrants were paid to the agent with respect to the closing of the second tranche of the Offering. The securities issued are subject to a hold period expiring on September 27, 2017.
The Company also wishes to announce that it is extending the closing of the remainder of the Offering of up to 3,500,000 WC Units, originally announced on February 27, 2017, for a further thirty (30) days.
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
SOURCE: AurCrest Gold Inc.