News on financingMontreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA, OTC: ARVSF) has arranged a non-brokered private placement of up to C$ 1,100,000. The Private Placement will consist of up to 6,250,000 flow-through units (the "Flow-Through Units") at a price of C$ 0.08 per Flow-Through Unit for gross proceeds of up to C$ 500,000. Concurrently, the Company will also be offering up to 10,000,000 non flow-through units (the "Hard Units") at a price of C$ 0.06 per Hard Unit for gross proceeds of up to C$ 600,000.
The closing is expected shortly. Each Flow-Through Unit will consist of one flow-through common share and one warrant. Each Hard Unit will consist of one non flow-through common share and one warrant. Each warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of C$ 0.10 per share during the 12 months from the closing date.
https://www.aurvistagold.com/en/pdfs/AVA-News-Release-Financing-3-5-2016-v7.pdf
I noticed that the company removed their corporate presentation from april, I think they are going to put up a new presentation soon with their plans.