Aurcrest closes $25,000 second tranche of financing
2017-05-26 18:45 ET - News Release
Mr. Christopher Angeconeb reports
AURCREST GOLD ANNOUNCES SECOND CLOSING OF BROKERED PRIVATE PLACEMENT
Aurcrest Gold Inc., further to its press release of March 3, 2017, has closed a second tranche of its brokered private placement with the sale of 500,000 working capital (WC) units of the company at a price of five cents per WC unit for gross proceeds of $25,000. A cash commission of $2,250 and 50,000 broker warrants were paid to the agent with respect to the closing of the second tranche of the offering. The securities issued are subject to a hold period expiring on Sept. 27, 2017.
The company is also extending the closing of the remainder of the offering of up to 3.5 million WC units, originally announced on Feb. 27, 2017, for a further 30 days.
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.
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