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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
Comment by bungee303on Oct 25, 2007 3:05pm
154 Views
Post# 13689874

RE: Shake ''''em, please!

RE: Shake ''''em, please!Crazy at this price - just keep reading this as there is no way the 'pros' will let PP be out of the money for long. Lucky are those buying on these dips. Anybody remember the show "Traders"? Further the Company has closed subject to TSX-Venture Exchange ("TSX-VE") approval, its nonbrokered private placement for 12,800,000 units (each a "Unit") at a price $1.25 per Unit for total gross proceeds of $16,000,000. "Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share of the Company at any time up to 18 months after the closing of the private placement at a price of $1.85 per share; provided that if the closing price of the Company's shares as traded on the TSX-VE, subsequent to four months from Closing, is at or over $3.00 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."
Bullboard Posts