Aurvista Gold Corp.said May 3 that it will raise up to C$1.1 million via a nonbrokered private placementto advance the Douaygold project in Quebec and for general corporate purposes.

The placement will consist of up to 6,250,000 flow-through unitsat 8 Canadian cents per flow-through unit for gross proceeds of up to C$500,000,and up to 10.0 million non-flow-through units at 6 cents apiece for gross proceedsof up to C$600,000.

All units will come with a warrant that can be exchanged foran additional non flow-through common share at 10 cents for one year from the closingof the initial issues, which is expected shortly.