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Aurcana Silver Corp V.AUN.H

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

Bullboard Posts
Post by straightupon Feb 15, 2007 7:12pm
285 Views
Post# 12246575

db7db7

db7db7You said....I don't want to speculate as to what their intentions for the money are, but I have to agree that going by the previously smart aquisitions from management, something huge is in the works. And it will probably reward investors in spades. Hey, they are pretty much guaranteing at least $3/share in 18mo. But the news release states....provided that if the closing price of the company's shares as traded on the exchange, subsequent to four months from closing, is at or over $3 per share for 20 consecutive trading days, the company will have the right to accelerate the expiry of the warrants upon giving 30 days notice to the holders thereof. So they are really saying they think they can get the share price over $3.00 in about four and a half months.I think I have that right.The wording is a little funny, it should say subsequent to four months from the closing of the pp.Not just the closing.
Bullboard Posts