12.2 M shares become freely trading on April 18, 2011

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12.2 M shares become freely trading on April 18, 2011

posted on Apr 03, 2011 12:36PM

http://finance.yahoo.com/news/AurCrest-RePrices-ccn-2644226747.html?x=0&.v=1

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) - AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE:AGO - News) wishes to announce that it is re-pricing its offering announced on December 3, 2010.

AurCrest will offer up to 10,000,000 units of the Company at a price of $0.185 per unit for gross proceeds of up to $1,850,000 (the "Offering"). Each unit (a "Unit") will consist of one (1) common share of the Company and one-half (1/2) share purchase warrant (each a "Warrant"). Each full Warrant will entitle the holder to acquire an additional common share at the price of $0.30 per share for twelve (12) months following Closing. The Company may pay finder's fees of up to 8% cash plus up to 8% Compensation Options for funds raised by eligible finders. Each Compensation Option entitles the finder to purchase one (1) common share of the Company at a price of $0.185 for one year from Closing.

The Company also wishes to announce that, further to its press release issued October 22, 2010 and November 25, 2010, it has settled an aggregate of $423,293.33 of insiders' debts owed to six (6) insiders of the Company in consideration for the issuance of 2,257,561 common shares of the Company valued at $0.1875 per share. The securities issued will be restricted from trading until April 18, 2011.