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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Post by jfly74on May 06, 2012 10:04am

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Post# 19876828

Actually....another ~83,000,000 fully diluted

https://www.aurcana.com/s/NewsReleases.asp?ReportID=493139

Those numbers from the website fail to include the November 29th Offering...

Another ~26 MILLION warrants at a $1.00 - not to mention the 56 800 000 that they came with. 3 weeks previously Lenic stated publicly there would be no need for further dilution to get Shafter up and running. Actually - announced record 3rd quarter Nov 7th, Dilution at
.65 Nov 8th (Stock was trading at
.88), and then BC Court Dismisses Sprott Claim Nov 10th. It's like they had to get the dilution in before the good news came out - to keep the Sprott boys happy? Hard to see any regard for shareholders after that sequence of events.

https://www.aurcana.com/s/NewsReleases.asp?DateRange=2011/01/01...2011/12/31

Nevertheless - GLTA

JCC

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