AurCrest Announces Extension of Non-brokered Offering
TORONTO,ONTARIO /ACCESSWIRE / November 1, 2018 / AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX-V: AGO) (FRANKFURT:TM8A, WKN: A0YG1K) wishes to announce that it is extending its non-brokered private placement, originallyannounced on September 18, 2018, with a first closing announced on September25, 2018, of up to 4,550,000 working capital units (the "WC Units") for up to $227,500 (the "WC Offering") for a further thirty (30) days.
Each WC Unit is priced at$0.05 and consists of one (1) common share and one (1) common share purchasewarrant ("WC Warrant").Each WC Warrant entitles the holder topurchase one (1) common share (a "WCWarrant 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 "ClosingDate").
Eligible Finders may receiveup 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 WCBroker Warrant entitling the holder toacquire one (1) WC Unit at a price of $0.05 for a period of three (3) yearsfrom the Closing Date.
The funds from the WCOffering will be used to provide the Company with working capital and toacquire the 2% NSR.
About AurCrest Gold Inc.
AurCrest is a mineral exploration company focused on theacquisition, exploration, and development of gold properties. AurCrest has aportfolio of properties in Ontario, which include the Richardson Lake andBridget Lake gold properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
AurCrestGold Inc.
| Christopher Angeconeb Presidentand C.E.O (807)737-5353 christopherangeconeb@gmail.com | Ian Brodie-Brown |
Forward Looking Statement:
Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks and uncertainties.Without limitation, statements regardingpotential mineralization and resources, exploration results, and future plansand objectives of the Company are forward looking statements that involvevarious risks.The following areimportant factors that could cause the Company’s actual results to differmaterially from those expressed or implied by such forward looking statements:changes in the world wide price of mineral commodities, general marketconditions, risks inherent in mineral exploration, risks associated withdevelopment, construction and mining operations, the uncertainty of futureprofitability and the uncertainty of access to additional capital. There can beno assurance that forward-looking statements will prove to be accurate asactual results and future events may differ materially from those anticipatedin such statements.AurCrest undertakesno obligation to update such forward-looking statements if circumstances ormanagement’s estimates or opinions should change. The reader is cautioned notto place undue reliance on such forward-looking statements.
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.
SOURCE: AurCrestGold Inc.