Aurcana Corporation Announces $85 Million in Equity/Debt Financings

Aurcana Corporation (TSXV:AUN) enters into an agreement with Sunel Securities Inc.

The press release is quoted as saying:

The Company plans to use the net proceeds from the Offering to fund capital expenditures on its Shafter project in Texas, for general corporate purposes and the buy-back of the silver purchase agreement with a wholly-owned subsidiary of Silver Wheaton Corp. (the “Agreement”) for US$25,000,000 plus the outstanding silver balance owing, which will release Aurcana from all future obligations under the Agreement.

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