AGO Big Tree Carbon Inc

AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) is pleased to
announce that it has placed 4,240,000 working capital units (each a "WC Unit")
of a non-brokered private placement for proceeds of $212,000 (the "Offering").
The securities issued are subject to a hold period expiring on November 8, 2014.


Each WC Unit consists of one common share of the Company and one (1) share
purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to
acquire an additional common share for five (5) years from the closing of the
Offering at a price of $0.055 per Common Share.


Insiders of the Company subscribed for $12,000 of WC Units. The insider private
placements are exempt from the valuation and minority shareholder approval
requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the
exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the
fair market value of the consideration for the securities of the Company issued
to the insiders did not exceed 25% of its market capitalization.


The Aeroquest Airborne survey, announced in the Company's press release dated
May 27, 2014 has commenced.


About AurCrest Gold Inc.

AurCrest Gold 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.


Forward-Looking Statement:

Some of the statements contained herein may be forward-looking statements which
involve known and unknown risks and uncertainties. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various risks. The following are important factors that
could cause the Company's actual results to differ materially from those
expressed or implied by such forward looking statements: changes in the world
wide price of mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. There can be no assurance that forward-looking
statements will prove to be accurate as actual results and future events may
differ materially from those anticipated in such statements. AurCrest undertakes
no obligation to update such forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is cautioned not to
place 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AurCrest Gold Inc.
Ian Brodie Brown
President and C.E.O.
(416) 368-2929
info@aurcrestgold.com
www.aurcrestgold.com

Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
Von Jun 2023 bis Jun 2024