Business
AurCrest Gold Options Gold Property to Newrange Gold
TORONTO, ON / ACCESSWIRE / December 24, 2019 / AurCrest Gold Inc. (the " Company " or " AurC...
About this update from Big Tree Carbon Inc
[{"type":"text","content":"AurCrest Gold Options Gold Property to Newrange GoldTORONTO, ON / ACCESSWIRE / December 24, 2019 / AurCrest Gold Inc. (the \"Company\" or \"AurCrest\") (TSXV:AGO) is pleased to announce that the Company has signed an Option Agreement (the \"Agreement\") with Newrange Gold Inc. (\"Newrange\") to option a 100% interest in the Company's Western Fold property in the Birch-Uchi greenstone belt northeast of Red Lake, Ontario.Under the terms of the Agreement, Newrange has the option to acquire a 100% interest in the AurCrest Western Fold property by paying AurCrest an aggregate of $200,000 and issuing an aggregate of 1 million common shares over two years with an initial payment of $30,000 and the issuance of 150,000 common shares on or before closing, the payment of a further $70,000 and the issuance of an additional 350,000 common shares on the first anniversary following closing, and the payment of a further $100,000 and the issuance of an additional 500,000 common shares on the second anniversary following closing. AurCrest retains a 2% Net Smelter Return royalty in the Western Fold property, half of which can be purchased for $1,000,000. The transaction is subject to TSX Venture Exchange approval by Newrange. The transaction is anticipated to close within the next week.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.FOR FURTHER INFORMATION PLEASE CONTACT:AurCrest Gold Inc.Christopher AngeconebPresident and C.E.O(807) [email protected] Brodie-BrownDirector of Business Development(416) [email protected] 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, ge...