AurCrest Announces Closing of First Tranche of Financing
April 25 2014 - 5:00PM
Marketwired
AurCrest Announces Closing of First Tranche of Financing
TORONTO, ONTARIO--(Marketwired - Apr 25, 2014) - AurCrest Gold
Inc. (the "Company" or "AurCrest") (TSX-VENTURE:AGO) wishes to
announce that it has closed the first tranche of the non-brokered
private placement announced in its Press Release dated April 16,
2014. The Company placed 1,300,000 working capital units (each a
"WC Unit") for proceeds of $65,000 and 1,300,000 flow-through units
(each a "FT Unit") for proceeds of $65,000.
Each WC Unit consists of one common share of the Company and one
(1) share purchase warrant (a "WC Warrant"). Each WC Warrant
entitles the holder to acquire an additional common share for five
(5) years from the closing of the Offering at a price of $0.05 per
Common Share. Each FT Unit consists of one flow-through common
share of the Company and one (1) non flow-through share purchase
warrant (a "Warrant"). Each Warrant entitles the holder to acquire
an additional common share for five (5) years from the closing of
the Offering at a price of $0.05 per Common Share.
Securities issued under this tranche are subject to a hold
period expiring on August 26, 2014.
The Company will leave the Offering open.
About AurCrest Gold Inc.
AurCrest Gold 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.
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.
AurCrest Gold Inc.Ian Brodie-BrownPresident and C.E.O.(416)
368-2929info@aurcrestgold.comwww.aurcrestgold.com
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