Aurcana Amends Warrants Expiring December 7, 2013
10 Dicembre 2013 - 8:06PM
Marketwired
Aurcana Amends Warrants Expiring December 7, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 10, 2013) -
Aurcana Corporation ("Aurcana" or the "Company")
(TSX-VENTURE:AUN)(OTCQX:AUNFF) announces that the Company has
received Warrant holder approval to amend the terms of certain
outstanding common share purchase warrants (the "Warrants") which
were issued as part of a private placement of equity units that
closed in December of 2010. The Company previously announced its
intention to amend the Warrants in a news release dated November 1,
2013.
As a result of the amendment to the expiry date and the exercise
price of the Warrants, each Warrant will now entitle the Warrant
holder to purchase one common share of the Company at an exercise
price of $2.04 per share at any time on or before 5:00 p.m.
(Toronto Time) on December 7, 2014.
If, for a period of 10 consecutive trading days, the closing
price of the Company's Common shares on the Exchange exceeds $2.45
per share, the exercise term of the Warrants will be shortened to
30 days. The Company will issue a press release notifying the
holders of Warrants if the exercise term is reduced.
The TSX Venture Exchange has advised the Company that it does
not object to the proposed amendments to the Warrants.
About Aurcana Corporation
Aurcana Corporation is a primary silver producing company with
two mines: the La Negra Mine in Mexico and the Shafter Mine in
Texas, US. The Company is positioned to grow organically from its
existing mines in its pursuit to become a senior silver
producer.
Corporate
The Company's shares are also traded in the United States on
OTCQX under the symbol "AUNFF". Investors can find current
financial disclosure and Real-Time Level 2 quotes for the Company
on www.otcqx.com and www.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President & CEO
NR-13-38
This news release contains certain forward-looking
statements, including statements regarding the amendment of the
Warrants. These statements are forward-looking statements that
involve various risks and uncertainties. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "expects" or does not expect", "is expected",
anticipates" or "does not anticipate" "plans", "estimates" or
"intends" or stating that certain actions, events or results "
may", "could", "would", "might" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
"forward-looking statements". Forward-looking statements are
subject to a variety of risks and uncertainties which could cause
actual events or results to materially differ from those reflected
in the forward-looking statements.
Actual results may differ materially from results
contemplated by the forward-looking statements. Important factors
that could differ materially from the Company's expectations
include, among others, risks related to regulatory approval. When
relying on forward-looking statements to make decisions, investors
and others should carefully consider the foregoing factors and
other uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to
update any forward-looking statements, oral or written, made by
itself or on its behalf, other than as required pursuant to
applicable securities laws. Accordingly, readers should not place
undue reliance on forward-looking statements.
Neither the 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.
Aurcana CorporationLenic RodriguezPresident & CEO(604)
331-9333 or Toll Free: (866) 532-9333Aurcana CorporationCatalin
ChiloflischiCorporate Communications Director(604) 331-9333 or Toll
Free: (866) 532-9333(604) 633-9179ir@aurcana.comwww.aurcana.com
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