Aurcrest Gold $50,000 convertible debenture

2016-07-28 16:32 ET - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on June 22, 2016.

Convertible debenture: $50,000 unsecured convertible debenture

Conversion price: convertible into shares at five cents principal amount outstanding per share until maturity

Warrants: one million warrants; each warrant is exercisable into one common share at five cents for a one-year period

Maturity date: one year from issuance

Interest rate: 10 per cent per annum

Number of placees: one placee

Finder's fee: $2,000 in cash and 40,000 finder's warrants payable to Leede Jones Gable Inc.; each finder's warrant entitles the holder to acquire one common share at five cents for a one-year period

For further details, please refer to the company's news release dated June 22, 2016.

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