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 teddybear1111on Jun 11, 2013 2:24pm

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Post# 21511676

RE: Additional Financing

elf, Is IR implying an extra 10M is now necessary --- to this $15M March 28 advance?

..." Outlook for 2013 and Beyond

For 2013 our focus will be on ramping up production at Shafter and increasing mill throughput at La Negra Mine.

Based on a well-defined action plan at Shafter and with the mill expansion to 3,000tpd at La Negra now complete, we feel confident that Aurcana is now in a position to grow organically for a few years with just the support of our budgeted sustaining capital.

While Aurcana anticipates funding the 2013 plans with cash flow generated from mining activities and in order to accelerate improvements at Shafter mine, the company has arranged a US$15 million non-dilutive credit facility with its concentrate buyer from the La Negra Mine. Under this facility US$15 million was received on March 28, 2013, to be reimbursed by Q4 2013. This cash management arrangement has increased Aurcana's current cash balance while the production is ramping up."