Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

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.

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Aurcana Silver Corp

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Comment by Import1on Apr 18, 2011 3:40pm

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Post# 18448498

RE: $50m to get $25m?

That is my understanding! AUN board has reviewed the terms/conditions and determined the cost to be to high and thus can seek a better credit facility elsewhere and with Silver $43 there is no time like the present to do so!

I think it will be beneficial long-term maybe bumpy short -term as the unknown is fearful to some.

GLTAL,

Import1

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