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AurCrest Gold Inc.

09:51 AM EST - AurCrest Gold Inc. : announced that it has placed 4,240,000 working capital units of a non-brokered private placement for proceeds of $212,000. The securities issued are subject to a hold period expiring on November 8. Each WC Unit consists of one common share of the Company and one share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to acquire an additional common share for five years from the closing of the Offering at a price of $0.055 per Common Share. AurCrest Gold Inc. shares V.AGO are trading unchanged at $0.05.