Auracle Resources Announces Non-Brokered Private Placement

VANCOUVER, June 4, 2012 /CNW/ - Auracle Resources Ltd. ("Auracle" or the "Company") announces a non-brokered private placement (the "Offering") of the Company's securities to raise gross proceeds of up to $2,000,000 for 13,333,333 units (the "Units") priced at $0.15 per Unit.

Each Unit will consist of one common share of Auracle and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to acquire one common share of Auracle at a price of $0.30 within 24 months from closing of the Offering.  The Company may pay finder's fees to certain parties for obtaining subscriptions in connection with the private placement. Finder's fees may be payable in cash and/or agents warrants.

The proceeds from the Offering will be used to advance the Company's Mexican Hat property, located in south east Arizona, USA and for general corporate purposes.

The Offering and closing of the financing are subject to TSX approval. The securities to be issued in the private placement will all be subject to a four-month hold period in accordance with applicable Canadian securities laws.

The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and, until so registered, may not be offered or sold in the United States or any state or to, or for the account of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Auracle Resources Ltd.

Auracle Resources is a publicly traded exploration company focused on developing precious metal assets.  Auracle has an option to earn a 100% interest in the Mexican Hat project, located in Cochise County, Arizona, USA.  The Mexican Hat property contains an historic gold resource which was initially explored by Placer Dome in the late 1980's to early 1990's.  Auracle is focused on developing the asset by confirming the presence of the historic resources and realizing the full mineral potential of the property.

On behalf of the Board of Directors,

Jason Leikam,
VP Corporate Development, Director
(604) 682-3131

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.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

SOURCE Auracle Resources Ltd.

For further information:

Jason Leikam,
VP Corporate Development, Director
(604) 682-3131

Profil de l'entreprise

Auracle Resources Ltd.

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