Oct 27 2014
AurCrest Gold Inc. (the "Company" or "AurCrest") wishes to announce that further to the Company's Press Release dated October 16, 2014, it closed the final tranche of its Offering and placed an additional 450,000 working capital units ("WC Units") for proceeds of $22,500. The securities issued are subject to a hold period expiring on February 24, 2015.
AurCrest placed a total of 1,116,785 WC Units and raised an aggregate of $55,839.27. The funds raised will be used for the continuation of the Richardson Lake drill program, to be completed before freeze-up. Drilling will deepen hole RL-14-08 extending the zone encountered in the 1st phase of drilling, the results of which were announced in the Press Release issued September 25, 2014. A second hole will then be drilled to test the updip extension of hole RL-12-07 and proceed to test for the new zone encountered most recently in RL-14-08.
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.
Source: http://aurcrestgold.com/