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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.


TSXV:AUN.H - Post by User

Aurcana Silver Corp
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Comment by bluestaron Mar 15, 2014 5:06pm
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Post# 22328003

RE:RE:Lenic WTF are you doing.....

RE:RE:Lenic WTF are you doing.....The Loan will be unsecured at the time of advancement, but may become secured in certain circumstances
Read more at https://www.stockhouse.com/news/press-releases/2013/09/19/aurcana-closes-50-million-loan-facility#XeWGpyBh3o21GSOw.99

what exactly does this mean? it has never been explained as far as i have seen. with shafter shut down, thus no offtake sales to orion,does this mean the loan is now secured with la negra? if so,could orion call the loan at anytime? i don't think aun could pay up so would orion then take control of la negra?

just asking as i think this is something shareholders have a right to know. now'not when it is too late to decide what to do.

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