Aurvista Gold Corporation Provides Financing Update and New Annual and Special Meeting Date
MONTREAL, QUEBEC--(Marketwired - June 23, 2017) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES
Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE:AVA)(OTCQB:ARVSF)(FRANKFURT:AV2) is pleased to announce that the Company plans to increase the oversubscribed hard dollar ("HD") financing (see press releases dated June 2 and June 14, 2017) by $100,000, subject to regulatory approval. The $4,100,000 total HD financing is expected to close on Monday, June 26, 2017. The Company's oversubscribed charity flow-through ("CFT") financing will remain at $6,000,000 for total aggregate gross proceeds of $10,100,000. The CFT financing will close in two tranches with the first closing date coinciding with the HD close date on June 26, 2017, and the second tranche closing on July 14, 2017. For additional information please refer to the Company's recent press releases or visit the Company's website at www.aurvistagold.com.
Annual and Special Meeting Postponed:
On June 19, 2017 the Company announced that it was applying for a court order allowing it to postpone its June 22, 2017 Annual and Special Meeting to a later date. On June 21 the Court issued an order allowing the Company to hold its meeting not later than August 15, 2017. The new Annual and Special Meeting date shall be August 15, 2017.
Douay Gold Project and Company Profile:
Aurvista Gold Corp. is a well-funded gold exploration and development company focused on advancing one of the largest undeveloped gold projects in Quebec. The Company's district-scale 305 km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt in northern Quebec. The Project hosts a multi-million ounce gold deposit that remains open in several directions, with excellent infrastructure and several large scale operating mines within 150 km. The Douay Gold Project's high-grade zones are still intact (never been mined), the Project is virtually royalty free, and the Company has aggressive property-wide exploration and drilling plans to continue making new discoveries and building high-quality ounces in one of the best mining jurisdictions in the world. The Company has 148,901,764 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange in Germany and the OTCQB in the US. For more information, please visit the Company's website at www.aurvistagold.com.
NEITHER THE 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 PRESS RELEASE.
Forward Looking Statements:
This news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corp.'s filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.aurvistagold.com.