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 > The Capital Raise is not such a bad thing.

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Comment by TechOneon Oct 21, 2021 1:20pm

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Post# 34033490

RE:The Capital Raise is not such a bad thing.

It is not raising the capital that is bothersome.. The terms suck.. 1 share and 1 full warrant at .70 and .90.. Plus Shafter is raising Debenture and pledging Shafter for that money .. Let us not forget they lost their mines in Mexico in exactly the same type of move years back..

It is private placement so probably more insiders but nonetheless considering they are supposed to be pouring silver already, this does not pass the smell test for me. I was planning to add to my old position which is from much much hihger prices from Shafter days but now I am just going to leave it alone and at some point if they recover may be rethink the whole thing..

FWIW .. Not impressed..

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