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 jfly74on Feb 28, 2013 12:11pm

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Post# 21055904

RE: RE: RE: RE: RE: Tossing em out like they were

The company's stockoption plan means they are basically gifts divided up amongst those who receive them. They likely have a five year expiry to exercise and the director/employee can exercise as they vest. They will either expire worthless, or the employee will exercise them and receive the value over and above .79 - it is set up as an incentive to the employees to increase shareholder value and to remain an employee. No funds will ever go in to the treasury. This plan must of been rolled out to maintain experienced employees at shafter and reduce turnover.

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