Toronto, Ontario (FSCwire) - AurCrest Gold Inc. (the
“Company” or “AurCrest”) (TSX-V: AGO) (FRANKFURT: TM8A, WKN:
A0YG1K) wishes to announce that it is extending the offering, announced on May 11, 2018, of a non-brokered private
placement of up to 8,450,000 working capital units (the “WC Units”) for up to $422,500 (the “WC
Offering”) for a further thirty (30) days.
The Company also wishes to announce that the closing date of its agreement to acquire the 2% Net Smelter Returns
Royalty on the Company’s Richardson Lake Property (the “2% NSR”), originally announced on May 11, 2018, has been
further extended to September 15, 2018 in consideration for the payment of $750.
Each WC Unit is priced at $0.05 and consists of one (1) common share and one (1) common share purchase warrant
(“WC Warrant”). Each WC Warrant entitles the holder to purchase one (1) common share (a “WC
Warrant Share”) at a price of $0.075 per WC Warrant Share for a period of until three (3) years following the closing of
the WC Offering (the “Closing Date”).
Eligible Finders may receive up to 7% of the value of proceeds of the sale of WC Units in cash and up to 8% of the
number of WC Units sold in the form of broker warrants (the “WC Broker Warrants”), with each WC Broker Warrant
entitling the holder to acquire one (1) WC Unit at a price of $0.05 for a period of three (3) years from the Closing Date.
The funds from the WC Offering will be used to provide the Company with working capital and to acquire the 2%
NSR.
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.
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.
To view the original release, please click here
Source: AurCrest Gold Inc. (TSX Venture:AGO)
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