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| Home : AurCrest Finalizes Debt Settlement |
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Aug 21
2014 |
AurCrest Finalizes Debt Settlement |
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TORONTO, ONTARIO--(Marketwired - Aug. 20, 2014) - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to announce that it has received approval from the TSX Venture Exchange to settle $255,295.58 of debt owed to Cyr Drilling International Ltd. ("Cyr Drilling") by the Company in consideration for the issuance of 2,836,618 working capital units ("WC Units") of the Company at a price of $0.09 per WC Unit. Each WC Unit consists of one common share of the Company and one (1) share purchase warrant (a "WC Warrant"). Each WC Warrant entitles Cyr Drilling to acquire an additional common share until August 19, 2017 at a price of $0.12 per common share. The securities are subject to a hold period expiring on December 20, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1940265&sourceType=3 |
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