Aurcrest Gold closes $50,000 first tranche of financing

2017-03-03 19:53 ET - News Release

Mr. Christopher Angeconeb reports


Aurcrest Gold Inc., further to its press release of Feb. 27, 2017, has closed the first tranche of its brokered private placement with the sale of one million working capital (WC) units of the company at a price of five cents per WC unit for a gross proceeds of $50,000. A cash commission of $4,500 and 100,000 broker warrants were paid to the agent with respect to the closing of the first tranche of the offering. The securities issued are subject to a hold period expiring on July 4, 2017.

The company will leave the remainder of the offering of up to four million WC units open until March 30, 2017.

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 includes the Richardson Lake and Bridget Lake gold properties.

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