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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

Comment by NinetyFourOctanon Feb 04, 2021 1:58pm
239 Views
Post# 32472048

RE:RE:Not impressed with management doing a private placement

RE:RE:Not impressed with management doing a private placementI agree it is disheartening to see this type of dilution. HOWEVER, I wholeheartedly agree with Management on raising $$$ when the going is good. We are looking at some short term pain here that should turn into major long-term gain.  The $$$ AUN has raised will go a long way to moving and even expanding both RV and Shafter beyond what was just planned three months ago. My personal hope is we will see the drill results from Blue Grass in the near future and that they are out of this world increasing proven reserves for Aurcana. Results are overdue to be released in my mind so I share your concerns. 
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