AurCrest Closes 1st Tranche of Financing
23 Dicembre 2010 - 3:14PM
Marketwired
AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE: AGO)
wishes to announce that it has placed 2,040,000 Units priced at
$0.185 per Unit for gross proceeds of $377,400. Each unit (a
"Unit") consists of one (1) common share of the Company and
one-half (1/2) share purchase warrant (each a "Warrant"). Each full
Warrant entitles the holder to acquire an additional common share
at the price of $0.30 per share for twelve (12) months following
Closing. A cash fee of $7,400 and 40,000 broker warrants to acquire
common shares at a price of $0.185 per share for 12 months from
Closing was paid in respect of the closing of the first tranche of
the offering.
All of the securities referred to herein are legended and
restricted from trading until at least April 23, 2011.
The proceeds from the financing will be used for working
capital. The Company currently has 28,208,828 common shares issued
and outstanding.
Cautionary Note Regarding Forward-Looking Statements: This Press
Release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially
from the statements made. When used in this document, the words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause
our actual results to differ materially from the statements made,
including those factors discussed in filings made by us with the
Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current
exploration programs, the general risks associated with the mining
industry, the price of gold and other metals, currency and interest
rate fluctuations, increased competition and general economic and
market factors, occur or should assumptions underlying the forward
looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any
obligation to update these forward-looking statements, except as
required by law. Shareholders are cautioned not to put undue
reliance on such forward-looking statements.
Neither 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 release.
Contacts: AurCrest Gold Inc. Ian Brodie-Brown President and
C.E.O. (416) 368-2929 (416) 601-1450 (FAX) info@tributeminerals.com
www.tributeminerals.com
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