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 > Director Resignation

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Post by Roxstaron Jun 25, 2022 9:05am

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Post# 34782141

Director Resignation

When two directors who are also major shareholders resign on the final day of a standstill agreement with the company bankers, it means that they no longer believe they can add value to the discussion. This does not bode well for shareholders. I expect a sell down to near nothing on Monday in advance of the bank taking control of the company. Shareholders have lost everything here and the bank will now move to dispose of the asset to a new group.

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