June 2 (Reuters) - Aurvista Gold Corp AVA.V :
* Aurvista Gold to raise $7 million dollars
* Plans to complete a private placement financing for aggregate gross proceeds of C$7mln
* Intends on using net proceeds from private placement to continue advancing Douay gold project
* Financing through combination of sale of units at price of C$0.41 per CFT unit, sale of hard dollar units at price of $0.25/HD unit
* Each CFT, HD unit to consist of 1 common share, 1 full warrant; warrants expire 5 years from closing which is expected on/about June 22, 2017 Source text for Eikon: Further company coverage: AVA.V
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